TopBuild (NYSE:BLD) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild (NYSE:BLD - Get Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a "buy" rating and a $356.00 price target on the construction company's stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 17.39% from the stock's previous close.

Several other equities analysts have also recently weighed in on BLD. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Loop Capital dropped their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Evercore ISI lowered shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Benchmark dropped their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average price target of $398.56.

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TopBuild Trading Up 6.7 %

BLD traded up $19.06 during trading on Tuesday, reaching $303.28. 904,513 shares of the company's stock were exchanged, compared to its average volume of 313,798. The company's fifty day moving average price is $314.95 and its 200-day moving average price is $346.79. 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 $8.87 billion, a PE ratio of 15.30, a P/E/G ratio of 1.82 and a beta of 1.77. TopBuild has a fifty-two week low of $272.24 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the company earned $4.69 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that TopBuild will post 20.97 EPS for the current year.

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently added to or reduced their stakes in BLD. Versant Capital Management Inc raised its holdings in shares of TopBuild by 761.7% in the 1st quarter. Versant Capital Management Inc now owns 810 shares of the construction company's stock valued at $247,000 after purchasing an additional 716 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after buying an additional 132 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $111,000. Amiral Gestion bought a new position in shares of TopBuild during the 4th quarter worth approximately $486,000. Finally, Toronto Dominion Bank increased its holdings in shares of TopBuild by 62.8% during the 4th quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company's stock worth $1,069,000 after acquiring an additional 1,326 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.