TopBuild Corp. (NYSE:BLD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

TopBuild Corp. (NYSE:BLD - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $449.00.

Several brokerages have recently weighed in on BLD. Jefferies Financial Group upped their price target on shares of TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Evercore ISI cut their price objective on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Truist Financial cut their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Stephens dropped their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th.

Institutional Trading of TopBuild

Large investors have recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock worth $74,228,000 after purchasing an additional 25,973 shares during the last quarter. Forge First Asset Management Inc. bought a new stake in TopBuild during the first quarter worth approximately $16,158,000. Nordea Investment Management AB lifted its holdings in shares of TopBuild by 4,820.9% during the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company's stock worth $12,825,000 after buying an additional 28,395 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of TopBuild by 53.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock valued at $140,993,000 after purchasing an additional 130,563 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of TopBuild by 44.8% in the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company's stock valued at $8,327,000 after purchasing an additional 6,887 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of TopBuild stock traded up $0.12 on Tuesday, hitting $406.93. 159,536 shares of the company's stock were exchanged, compared to its average volume of 290,510. The company has a 50-day simple moving average of $398.84 and a 200-day simple moving average of $406.99. The stock has a market capitalization of $12.95 billion, a PE ratio of 20.51, a PEG ratio of 2.53 and a beta of 1.77. TopBuild has a 1 year low of $217.08 and a 1 year 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.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly 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). The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.25 EPS. As a group, equities analysts anticipate that TopBuild will post 21.18 EPS for the current year.

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.