Truist Financial Lowers TopBuild (NYSE:BLD) Price Target to $310.00

TopBuild (NYSE:BLD) had its price objective dropped by equities researchers at Truist Financial from $395.00 to $310.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective points to a potential upside of 1.55% from the stock’s previous close.

A number of other analysts also recently weighed in on BLD. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group cut their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have given 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 $426.38.

TopBuild Trading Up 0.1 %

TopBuild stock opened at $305.26 on Thursday. TopBuild has a 52 week low of $295.19 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market capitalization of $9.01 billion, a PE ratio of 15.49, a PEG ratio of 1.82 and a beta of 1.85. The business’s 50-day simple moving average is $326.18 and its 200-day simple moving average is $360.89.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business posted $4.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

A number of hedge funds have recently modified their holdings of the stock. Winch Advisory Services LLC acquired a new stake in TopBuild in the 4th quarter valued at $26,000. Versant Capital Management Inc boosted its stake in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild in the 3rd quarter worth about $31,000. V Square Quantitative Management LLC increased its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of TopBuild during the 3rd quarter worth about $45,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.