TopBuild (NYSE:BLD) Price Target Increased to $256.00 by Analysts at BTIG Research


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TopBuild (NYSE:BLD) had its target price hoisted by investment analysts at BTIG Research from $236.00 to $256.00 in a report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the construction company’s stock. BTIG Research’s price objective indicates a potential upside of 22.33% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of TopBuild from $210.00 to $215.00 and gave the company an “underweight” rating in a research note on Wednesday. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a research note on Tuesday, January 5th. KeyCorp raised their price target on shares of TopBuild from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, February 23rd. Truist raised their price target on shares of TopBuild from $184.00 to $232.00 in a research report on Wednesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of TopBuild from $183.00 to $206.00 and gave the company a “buy” rating in a research report on Tuesday, December 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $171.73.

NYSE:BLD opened at $209.27 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 31.47 and a beta of 1.61. The firm has a fifty day simple moving average of $203.59 and a two-hundred day simple moving average of $188.89. TopBuild has a 12 month low of $68.66 and a 12 month high of $224.89.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Monday, February 22nd. The construction company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.25. The business had revenue of $721.49 million during the quarter, compared to analysts’ expectations of $714.26 million. TopBuild had a net margin of 8.36% and a return on equity of 18.32%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. Equities analysts predict that TopBuild will post 6.97 earnings per share for the current fiscal year.

In other TopBuild news, insider Steven P. Raia sold 180 shares of TopBuild stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $201.53, for a total value of $36,275.40. Following the sale, the insider now owns 3,651 shares of the company’s stock, valued at $735,786.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John S. Peterson sold 9,547 shares of TopBuild stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $200.00, for a total transaction of $1,909,400.00. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of TopBuild by 1.0% in the fourth quarter. Amalgamated Bank now owns 5,462 shares of the construction company’s stock worth $1,005,000 after purchasing an additional 52 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of TopBuild by 62.5% in the fourth quarter. Captrust Financial Advisors now owns 143 shares of the construction company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of TopBuild by 8.2% in the fourth quarter. Parallel Advisors LLC now owns 925 shares of the construction company’s stock worth $170,000 after purchasing an additional 70 shares in the last quarter. Knowledge Leaders Capital LLC increased its stake in shares of TopBuild by 1.3% in the fourth quarter. Knowledge Leaders Capital LLC now owns 5,834 shares of the construction company’s stock worth $1,074,000 after purchasing an additional 76 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of TopBuild by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 27,495 shares of the construction company’s stock worth $5,061,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

About TopBuild

TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services.

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