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

TopBuild (NYSE:BLD - Free Report) had its price target lifted by Evercore ISI from $489.00 to $491.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the construction company's stock.

A number of other research firms also recently weighed in on BLD. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Truist Financial decreased their price target on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Stephens decreased their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Finally, DA Davidson reduced their target price on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $446.89.

TopBuild Stock Performance

BLD stock traded up $9.44 during trading hours on Wednesday, reaching $408.59. The stock had a trading volume of 162,102 shares, compared to its average volume of 285,542. The stock has a market capitalization of $13.00 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The stock has a 50-day simple moving average of $387.52 and a 200 day simple moving average of $404.33. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the business posted $5.25 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. Analysts predict that TopBuild will post 21.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management raised its holdings in TopBuild by 20.1% during the 3rd quarter. Ritholtz Wealth Management now owns 1,899 shares of the construction company's stock valued at $773,000 after buying an additional 318 shares during the period. UMB Bank n.a. increased its stake in TopBuild by 87.3% in the third 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. CWM LLC grew its position in shares of TopBuild by 10.3% during the 3rd quarter. CWM LLC now owns 387 shares of the construction company's stock worth $157,000 after buying an additional 36 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of TopBuild by 21.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,437 shares of the construction company's stock worth $3,432,000 after buying an additional 1,500 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its position in shares of TopBuild by 8.0% during the 3rd quarter. Harbor Investment Advisory LLC now owns 541 shares of the construction company's stock worth $220,000 after buying an additional 40 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.