Brokerages Set TopBuild Corp. (NYSE:BLD) Target Price at $440.44

TopBuild Corp. (NYSE:BLD) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $440.44.

BLD has been the subject of a number of recent research reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stephens decreased their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

TopBuild Stock Performance

Shares of BLD opened at $373.05 on Wednesday. TopBuild has a 52 week low of $291.98 and a 52 week high of $495.68. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.28 and a beta of 1.79. The business has a 50-day simple moving average of $382.34 and a two-hundred day simple moving average of $396.05. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.43 EPS. On average, analysts expect that TopBuild will post 20.99 EPS for the current year.

Institutional Trading of TopBuild

A number of large investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of TopBuild during the second quarter worth $30,000. Allspring Global Investments Holdings LLC acquired a new stake in TopBuild in the 1st quarter worth about $31,000. Kennebec Savings Bank purchased a new stake in TopBuild in the 3rd quarter valued at about $45,000. Quantbot Technologies LP purchased a new stake in TopBuild in the third quarter valued at approximately $45,000. Finally, UMB Bank n.a. increased its position in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About TopBuild

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.