TopBuild (NYSE:BLD) Lifted to “Buy” at StockNews.com

TopBuild (NYSE:BLD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

BLD has been the subject of a number of other reports. DA Davidson dropped their target price on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group lifted their price objective on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Truist Financial decreased their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Evercore ISI lowered their target price on TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Stephens reduced their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.00.

TopBuild Stock Performance

TopBuild stock opened at $405.71 on Monday. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $403.40 and a 200-day moving average of $407.09. The firm has a market cap of $12.91 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.27 and a beta of 1.77. TopBuild has a 1-year low of $217.08 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.25 earnings per share. Sell-side analysts expect that TopBuild will post 21.18 EPS for the current year.

Institutional Trading of TopBuild

A number of hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC boosted its stake in TopBuild by 17.5% in the 2nd quarter. Anchor Investment Management LLC now owns 805 shares of the construction company’s stock worth $310,000 after purchasing an additional 120 shares in the last quarter. Sanctuary Advisors LLC bought a new position in TopBuild in the 2nd quarter worth about $2,004,000. B. Riley Wealth Advisors Inc. bought a new position in TopBuild in the 2nd quarter worth about $412,000. Creative Planning boosted its stake in TopBuild by 3.5% in the 2nd quarter. Creative Planning now owns 9,499 shares of the construction company’s stock worth $3,660,000 after purchasing an additional 319 shares in the last quarter. Finally, Algert Global LLC boosted its stake in TopBuild by 8.8% in the 2nd quarter. Algert Global LLC now owns 9,414 shares of the construction company’s stock worth $3,627,000 after purchasing an additional 764 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

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.