TopBuild (NYSE:BLD) Now Covered by Analysts at Royal Bank Of Canada

Royal Bank Of Canada began coverage on shares of TopBuild (NYSE:BLD) in a research report released on Thursday, MarketBeat reports. The firm issued a sector perform rating and a $410.00 target price on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI decreased their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Vertical Research initiated coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target for the company. Benchmark lifted their price objective on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Finally, UBS Group set a $370.00 target price on shares of TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.00.

TopBuild Trading Down 1.3%

NYSE:BLD opened at $407.41 on Thursday. The firm has a 50-day simple moving average of $419.18 and a 200-day simple moving average of $376.85. TopBuild has a one year low of $266.26 and a one year high of $461.49. The firm has a market cap of $11.44 billion, a P/E ratio of 20.68, a P/E/G ratio of 6.89 and a beta of 1.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. TopBuild’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $5.68 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities analysts anticipate that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of TopBuild in the second quarter worth about $189,000. Envestnet Asset Management Inc. lifted its stake in shares of TopBuild by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock valued at $11,342,000 after purchasing an additional 2,094 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in TopBuild by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,877 shares of the construction company’s stock worth $6,758,000 after buying an additional 663 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in TopBuild by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,307 shares of the construction company’s stock valued at $37,298,000 after buying an additional 10,351 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TopBuild in the second quarter worth about $1,207,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.