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

TopBuild Corp. (NYSE:BLD) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $411.78.

Several research analysts recently issued reports on BLD shares. DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in TopBuild by 1.4% in the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock worth $943,050,000 after acquiring an additional 41,047 shares in the last quarter. FMR LLC increased its stake in shares of TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares in the last quarter. State Street Corp raised its position in shares of TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in TopBuild by 4.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after buying an additional 40,916 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after buying an additional 12,909 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Up 0.1 %

Shares of BLD stock opened at $305.07 on Friday. TopBuild has a fifty-two week low of $288.31 and a fifty-two week high of $495.68. The firm has a market capitalization of $8.92 billion, a PE ratio of 15.39, a P/E/G ratio of 1.82 and a beta of 1.85. 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 stock’s 50-day simple moving average is $325.22 and its 200-day simple moving average is $358.33.

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