Analysts Set TopBuild Corp. (NYSE:BLD) PT at $440.44

TopBuild Corp. (NYSE:BLD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $440.44.

A number of brokerages have recently issued reports on BLD. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Stephens dropped their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Finally, Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th.

TopBuild Stock Down 0.1 %

NYSE:BLD traded down $0.30 during trading hours on Wednesday, hitting $349.80. The stock had a trading volume of 95,072 shares, compared to its average volume of 286,663. The company has a market cap of $10.32 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The business has a 50 day simple moving average of $383.07 and a two-hundred day simple moving average of $396.94. TopBuild has a 1-year low of $291.98 and a 1-year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $5.43 EPS. The business's revenue was up 3.6% on a year-over-year basis. Analysts predict that TopBuild will post 21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLD. Allspring Global Investments Holdings LLC bought a new stake in TopBuild in the first quarter valued at $31,000. Blair William & Co. IL lifted its position in TopBuild by 19.1% in the 1st quarter. Blair William & Co. IL now owns 2,007 shares of the construction company's stock valued at $885,000 after purchasing an additional 322 shares during the last quarter. Vanguard Group Inc. boosted its stake in TopBuild by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock valued at $1,317,795,000 after purchasing an additional 15,965 shares during the period. O Shaughnessy Asset Management LLC grew its position in TopBuild by 3.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,464 shares of the construction company's stock worth $1,967,000 after purchasing an additional 128 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of TopBuild in the first quarter valued at approximately $694,000. Institutional investors and hedge funds own 95.67% of the company's stock.

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.