TopBuild (NYSE:BLD) Given “Equal Weight” Rating at Stephens

Stephens restated their equal weight rating on shares of TopBuild (NYSE:BLD) in a research note released on Tuesday, Benzinga reports. They currently have a $425.00 price target on the construction company’s stock.

A number of other analysts have also recently weighed in on the stock. DA Davidson initiated coverage on shares of TopBuild in a report on Tuesday, March 5th. They set a buy rating and a $470.00 price objective on the stock. Truist Financial cut shares of TopBuild from a buy rating to a hold rating and raised their price objective for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. Loop Capital raised shares of TopBuild from a hold rating to a buy rating in a report on Monday, January 8th. The Goldman Sachs Group raised their price objective on shares of TopBuild from $419.00 to $429.00 and gave the stock a buy rating in a report on Friday, March 1st. Finally, Bank of America lifted their target price on shares of TopBuild from $410.00 to $475.00 and gave the company a buy rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $418.90.

TopBuild Stock Up 2.7 %

Shares of TopBuild stock opened at $395.13 on Tuesday. TopBuild has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a 50 day moving average of $412.61 and a 200 day moving average of $352.11. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.57 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $4.40 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that TopBuild will post 21.01 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently bought and sold shares of BLD. CWM LLC grew its position in TopBuild by 61.8% in the 3rd quarter. CWM LLC now owns 461 shares of the construction company’s stock valued at $116,000 after buying an additional 176 shares during the last quarter. AE Wealth Management LLC grew its position in TopBuild by 93.3% in the 3rd quarter. AE Wealth Management LLC now owns 3,274 shares of the construction company’s stock valued at $824,000 after buying an additional 1,580 shares during the last quarter. Ronald Blue Trust Inc. grew its position in TopBuild by 75.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 184 shares of the construction company’s stock valued at $49,000 after buying an additional 79 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of TopBuild by 7.3% during the 3rd quarter. SG Americas Securities LLC now owns 8,319 shares of the construction company’s stock worth $2,093,000 after purchasing an additional 563 shares in the last quarter. Finally, Summit Global Investments boosted its position in shares of TopBuild by 22.8% during the 3rd quarter. Summit Global Investments now owns 1,717 shares of the construction company’s stock worth $432,000 after purchasing an additional 319 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Company Profile

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.