TopBuild (NYSE:BLD) Price Target Raised to $491.00 at Evercore ISI

TopBuild (NYSE:BLD) had its target price upped by stock analysts at Evercore ISI from $489.00 to $491.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Evercore ISI’s target price points to a potential upside of 20.41% from the company’s current price.

BLD has been the subject of several other reports. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stephens lowered their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson lowered their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $446.89.

TopBuild Trading Up 2.2 %

Shares of NYSE BLD traded up $8.63 during trading on Wednesday, reaching $407.78. The stock had a trading volume of 24,118 shares, compared to its average volume of 284,852. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The business’s 50-day moving average price is $387.52 and its 200-day moving average price is $404.33. The company has a market cap of $12.97 billion, a P/E ratio of 20.53, a PEG ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned $5.25 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that TopBuild will post 21.08 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC purchased a new position in shares of TopBuild during the 1st quarter worth $31,000. Rise Advisors LLC purchased a new position in shares of TopBuild during the 1st quarter worth $37,000. UMB Bank n.a. lifted its stake in shares of TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of TopBuild in the 1st quarter worth $56,000. Institutional investors and hedge funds 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.