Loop Capital Cuts TopBuild (NYSE:BLD) Price Target to $360.00

TopBuild (NYSE:BLD) had its price target lowered by Loop Capital from $370.00 to $360.00 in a research report report published on Thursday,Benzinga reports. Loop Capital currently has a buy rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 target price on the stock. DA Davidson cut their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial decreased their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $380.22.

TopBuild Stock Performance

BLD opened at $295.71 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market capitalization of $8.65 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The business has a fifty day simple moving average of $296.74 and a 200 day simple moving average of $326.45. TopBuild has a 1 year low of $266.26 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. TopBuild’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.81 earnings per share. Research analysts expect that TopBuild will post 20.97 EPS for the current year.

Institutional Trading of TopBuild

A number of hedge funds and other institutional investors have recently modified their holdings of BLD. TT International Asset Management LTD boosted its holdings in shares of TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of TopBuild by 57.8% during the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock valued at $10,160,000 after purchasing an additional 11,948 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of TopBuild by 51.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company’s stock worth $14,682,000 after purchasing an additional 16,090 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of TopBuild by 18.4% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company’s stock valued at $11,052,000 after buying an additional 5,517 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in TopBuild in the 4th quarter valued at approximately $475,000. Institutional investors 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.