Benchmark Cuts TopBuild (NYSE:BLD) Price Target to $375.00

TopBuild (NYSE:BLD) had its price objective reduced by Benchmark from $445.00 to $375.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Loop Capital dropped their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.78.

TopBuild Stock Up 3.4 %

BLD opened at $305.23 on Monday. The company has a fifty day moving average price of $325.36 and a 200-day moving average price of $358.71. The firm has a market capitalization of $8.92 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild has a one year low of $288.31 and a one year high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $4.69 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild in the third quarter worth approximately $31,000. Winch Advisory Services LLC purchased a new stake in TopBuild in the fourth quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of TopBuild during the 3rd quarter worth $45,000. Finally, Kennebec Savings Bank purchased a new position in shares of TopBuild during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.