TopBuild (NYSE:BLD) Given New $375.00 Price Target at Benchmark

TopBuild (NYSE:BLD - Free Report) had its price objective decreased by Benchmark from $445.00 to $375.00 in a report issued on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the construction company's stock.

Several other analysts have also recently commented on BLD. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut 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. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $411.78.

TopBuild Price Performance

Shares of NYSE:BLD traded up $0.20 during trading on Monday, hitting $305.07. 370,379 shares of the company's stock were exchanged, compared to its average volume of 297,109. The business's 50-day simple moving average is $325.22 and its 200 day simple moving average is $358.33. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.82 and a beta of 1.85. TopBuild has a 52-week low of $288.31 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

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TopBuild (NYSE:BLD - Get Free Report) last posted 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. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $4.69 EPS. As a group, equities analysts predict that TopBuild will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Several hedge funds and other institutional investors have recently made changes to their positions in BLD. Pitcairn Co. grew its holdings in TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after purchasing an additional 1,422 shares during the last quarter. TT International Asset Management LTD grew its stake in shares of TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after buying an additional 4,694 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after buying an additional 2,008 shares during the period. Van ECK Associates Corp lifted its stake in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after acquiring an additional 11,948 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after acquiring an additional 48,562 shares during the period. Hedge funds and other 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.