TopBuild Corp. (NYSE:BLD) Receives Consensus Rating of "Moderate Buy" from Brokerages

TopBuild Corp. (NYSE:BLD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $403.88.

BLD has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Truist Financial reduced their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Loop Capital dropped their price objective on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Evercore ISI lowered 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, StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

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TopBuild Trading Down 1.6 %

NYSE BLD traded down $5.06 during trading hours on Tuesday, hitting $305.95. 369,054 shares of the company were exchanged, compared to its average volume of 308,976. The stock has a market cap of $8.95 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild has a 52 week low of $288.31 and a 52 week high of $495.68. The stock has a 50-day moving average price of $320.73 and a 200 day moving average price of $349.70. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm posted $4.69 EPS. TopBuild's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

A number of hedge funds have recently added to or reduced their stakes in BLD. Pathstone Holdings LLC lifted its position in shares of TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company's stock worth $1,712,000 after purchasing an additional 41 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in TopBuild during the third quarter worth $303,000. PNC Financial Services Group Inc. boosted its position in TopBuild by 9.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,440 shares of the construction company's stock valued at $2,213,000 after acquiring an additional 457 shares in the last quarter. Commerce Bank boosted its position in TopBuild by 6.5% during the 3rd quarter. Commerce Bank now owns 1,046 shares of the construction company's stock valued at $426,000 after acquiring an additional 64 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of TopBuild by 37.3% in 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. 95.67% of the stock is owned by hedge funds and other 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.