Brokerages Set TopBuild Corp. (NYSE:BLD) Price Target at $443.78

TopBuild Corp. (NYSE:BLD) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $440.2114.

BLD has been the topic of a number of analyst reports. DA Davidson cut their price target on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Wells Fargo & Company cut their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research report on Tuesday. Finally, Royal Bank Of Canada increased their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th.

TopBuild Stock Up 9.0%

Shares of NYSE BLD opened at $382.53 on Friday. The firm has a market capitalization of $10.77 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 4.48 and a beta of 1.78. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. TopBuild has a 1 year low of $266.26 and a 1 year high of $559.47. The firm’s 50-day moving average is $431.11 and its 200-day moving average is $433.87.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. TopBuild’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company posted $5.13 EPS. Equities analysts expect that TopBuild will post 20.97 EPS for the current year.

Institutional Trading of TopBuild

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in TopBuild by 48.2% during the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares during the period. Franklin Resources Inc. raised its holdings in TopBuild by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock worth $555,000 after buying an additional 34 shares during the period. Prudential Financial Inc. raised its holdings in TopBuild by 17.5% during the 2nd quarter. Prudential Financial Inc. now owns 3,359 shares of the construction company’s stock worth $1,140,000 after buying an additional 501 shares during the period. Choreo LLC acquired a new stake in TopBuild during the 2nd quarter worth approximately $249,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in TopBuild by 106.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after buying an additional 123 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.