The Goldman Sachs Group Issues Pessimistic Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD - Free Report) had its price objective reduced by The Goldman Sachs Group from $475.00 to $410.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other analysts have also recently issued reports on BLD. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Finally, DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $437.00.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $17.27 during trading on Tuesday, hitting $332.47. 376,237 shares of the company were exchanged, compared to its average volume of 258,871. The company has a market cap of $9.81 billion, a PE ratio of 16.77, a P/E/G ratio of 2.31 and a beta of 1.84. TopBuild has a 52-week low of $302.70 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a 50 day moving average of $348.26 and a 200 day moving average of $380.15.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $5.43 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that TopBuild will post 20.95 EPS for the current year.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild in the third quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild in the 2nd quarter worth approximately $30,000. Winch Advisory Services LLC bought a new stake in TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of TopBuild in the third quarter worth $45,000. Hedge funds and other institutional investors 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.