TopBuild Corp. (NYSE:BLD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of TopBuild Corp. (NYSE:BLD) have been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $440.44.

BLD has been the subject of a number of research analyst reports. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Evercore ISI lowered their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Truist Financial lowered their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th.

TopBuild Stock Down 0.2 %

Shares of TopBuild stock opened at $350.23 on Wednesday. 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 has a 1-year low of $291.98 and a 1-year high of $495.68. The business’s fifty day moving average price is $383.07 and its two-hundred day moving average price is $396.94. The company has a market capitalization of $10.33 billion, a P/E ratio of 17.67, a PEG ratio of 2.19 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $5.43 earnings per share. As a group, research analysts forecast that TopBuild will post 21 EPS for the current year.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the first quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild in the second quarter valued at $30,000. Quantbot Technologies LP acquired a new stake in shares of TopBuild in the third quarter worth $45,000. Kennebec Savings Bank purchased a new position in shares of TopBuild during the third quarter valued at $45,000. Finally, UMB Bank n.a. raised 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 valued at $54,000 after buying an additional 62 shares during the period. 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.