TopBuild (NYSE:BLD) was upgraded by research analysts at Nomura from a “neutral” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $78.00 price objective on the construction company’s stock, up from their previous price objective of $69.00. Nomura’s price objective indicates a potential upside of 9.08% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. BidaskClub lowered shares of TopBuild from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Jefferies Group started coverage on shares of TopBuild in a report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 target price on the stock. Finally, KeyCorp reissued an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. TopBuild has an average rating of “Buy” and an average price target of $65.71.

Shares of TopBuild (BLD) opened at $71.51 on Monday. TopBuild has a 12 month low of $35.31 and a 12 month high of $75.06. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2,643.55, a PE ratio of 29.14 and a beta of 0.61.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The business had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s revenue was up 7.9% on a year-over-year basis. equities analysts expect that TopBuild will post 2.74 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in BLD. Rothschild Asset Management Inc. bought a new position in TopBuild in the 3rd quarter valued at about $30,954,000. Westfield Capital Management Co. LP bought a new position in TopBuild in the 2nd quarter valued at about $17,832,000. Koch Industries Inc. bought a new stake in shares of TopBuild during the 2nd quarter valued at approximately $324,000. William Blair Investment Management LLC bought a new stake in shares of TopBuild during the 2nd quarter valued at approximately $16,207,000. Finally, Fiera Capital Corp bought a new stake in shares of TopBuild during the 2nd quarter valued at approximately $12,805,000. 94.87% of the stock is currently owned by hedge funds and other institutional investors.

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About TopBuild

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Analyst Recommendations for TopBuild (NYSE:BLD)

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