TopBuild Corp. (NYSE:BLD) Given Average Recommendation of “Moderate Buy” by Brokerages

TopBuild Corp. (NYSE:BLD) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $439.38.

Several brokerages have recently commented on BLD. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $443.00 to $381.00 in a research note on Monday. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group cut their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson lowered their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new position in TopBuild during the 2nd quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the 3rd quarter worth $31,000. Kennebec Savings Bank bought a new position in shares of TopBuild in the third quarter worth $45,000. Quantbot Technologies LP acquired a new position in TopBuild in the third quarter valued at about $45,000. Finally, UMB Bank n.a. lifted 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 period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of BLD stock opened at $308.96 on Friday. The company has a fifty day moving average price of $370.61 and a two-hundred day moving average price of $390.84. TopBuild has a one year low of $305.79 and a one year high of $495.68. The stock has a market cap of $9.12 billion, a P/E ratio of 15.59, a P/E/G ratio of 2.31 and a beta of 1.79. 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 (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $5.43 EPS. As a group, equities analysts predict that TopBuild will post 20.95 EPS for the current year.

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.