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

Shares of TopBuild Corp. (NYSE:BLD) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $437.00.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. DA Davidson lowered 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. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

TopBuild Stock Down 2.8 %

Shares of BLD opened at $342.29 on Monday. The firm has a fifty day moving average price of $343.89 and a 200-day moving average price of $374.70. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $10.10 billion, a P/E ratio of 17.27, a P/E/G ratio of 2.00 and a beta of 1.84. TopBuild has a 12-month low of $302.70 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned $5.43 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts expect that TopBuild will post 20.97 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

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

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.