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

Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $440.44.

A number of equities analysts have recently issued reports on BLD shares. Evercore ISI cut their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC grew its holdings in TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after buying an additional 25,973 shares during the last quarter. Pitcairn Co. increased its position in TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after purchasing an additional 1,422 shares in the last quarter. Nisa Investment Advisors LLC increased its position in TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after purchasing an additional 820 shares in the last quarter. Vanguard Group Inc. raised its stake in TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after purchasing an additional 15,965 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock valued at $56,489,000 after purchasing an additional 30,000 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of BLD opened at $387.95 on Wednesday. The stock has a market capitalization of $11.45 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.35 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a 1 year low of $292.20 and a 1 year high of $495.68. The company’s fifty day moving average is $382.64 and its two-hundred day moving average is $396.04.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.43 earnings per share. On average, sell-side analysts predict that TopBuild will post 20.99 earnings per share for the current year.

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.