Evercore ISI Issues Pessimistic Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its price target cut by investment analysts at Evercore ISI from $449.00 to $448.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the construction company’s stock. Evercore ISI’s price objective would indicate a potential upside of 6.98% from the company’s current price.

BLD has been the topic of several other research reports. Loop Capital raised their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Bank of America raised their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Truist Financial upped their target price on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. Finally, Vertical Research started coverage on TopBuild in a research note on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $412.41.

TopBuild Price Performance

Shares of TopBuild stock opened at $418.76 on Wednesday. TopBuild has a twelve month low of $266.26 and a twelve month high of $461.49. The stock has a market capitalization of $11.78 billion, a P/E ratio of 20.62, a PEG ratio of 4.42 and a beta of 1.64. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average price is $420.62 and its 200 day moving average price is $367.59.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm earned $5.68 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that TopBuild will post 20.97 earnings per share for the current year.

Insider Activity

In related news, CFO Robert M. Kuhns sold 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares in the company, valued at approximately $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Luis Francisco Machado sold 990 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the transaction, the vice president owned 10,349 shares in the company, valued at approximately $4,295,041.98. This trade represents a 8.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,663 shares of company stock valued at $5,709,488 over the last ninety days. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Savant Capital LLC lifted its stake in shares of TopBuild by 7.8% in the third quarter. Savant Capital LLC now owns 914 shares of the construction company’s stock worth $357,000 after acquiring an additional 66 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of TopBuild by 1.9% in the third quarter. Hantz Financial Services Inc. now owns 2,369 shares of the construction company’s stock worth $926,000 after acquiring an additional 45 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in TopBuild by 13,233.3% in the third quarter. Cornerstone Planning Group LLC now owns 400 shares of the construction company’s stock valued at $156,000 after buying an additional 397 shares during the last quarter. WCM Investment Management LLC bought a new stake in TopBuild in the third quarter valued at about $17,734,000. Finally, Jones Financial Companies Lllp increased its holdings in TopBuild by 53.0% in the third quarter. Jones Financial Companies Lllp now owns 384 shares of the construction company’s stock valued at $151,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.