Loop Capital Cuts TopBuild (NYSE:BLD) Price Target to $390.00

TopBuild (NYSE:BLD) had its price objective reduced by Loop Capital from $405.00 to $390.00 in a research note released on Thursday morning,Benzinga reports. Loop Capital currently has a buy rating on the construction company’s stock.

BLD has been the topic of a number of other research reports. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on 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 TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and lowered their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $422.33.

TopBuild Stock Performance

NYSE:BLD opened at $304.01 on Thursday. TopBuild has a fifty-two week low of $295.19 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a 50 day moving average price of $326.08 and a 200 day moving average price of $360.50. The stock has a market capitalization of $8.97 billion, a P/E ratio of 15.34, a PEG ratio of 1.82 and a beta of 1.85.

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

Institutional Trading of TopBuild

A number of institutional investors have recently added to or reduced their stakes in the business. Winch Advisory Services LLC acquired a new position in TopBuild during the 4th quarter worth approximately $26,000. Versant Capital Management Inc boosted its holdings in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild during the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC grew its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. 95.67% of the stock is 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.