TopBuild Corp (BLD) Receives $66.80 Average Target Price from Analysts
TopBuild Corp (NYSE:BLD) has received a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $70.00.
Several research firms have recently issued reports on BLD. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Nomura raised TopBuild from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. ValuEngine downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 price target on shares of TopBuild in a research note on Wednesday, October 4th. Finally, Jefferies Group initiated coverage on TopBuild in a research note on Tuesday, December 12th. They set a “buy” rating and a $79.00 price target for the company.
A number of hedge funds have recently made changes to their positions in BLD. Flinton Capital Management LLC raised its stake in TopBuild by 66.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after purchasing an additional 752 shares during the last quarter. Schroder Investment Management Group acquired a new position in TopBuild in the 2nd quarter valued at about $121,000. Riverhead Capital Management LLC raised its stake in TopBuild by 72.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after purchasing an additional 1,297 shares during the last quarter. Victory Capital Management Inc. raised its stake in TopBuild by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after purchasing an additional 596 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in TopBuild in the 2nd quarter valued at about $213,000. 94.87% of the stock is owned by hedge funds and other institutional investors.
TopBuild (NYSE BLD) traded up $0.70 during trading hours on Tuesday, hitting $77.28. The stock had a trading volume of 180,737 shares, compared to its average volume of 254,408. The firm has a market cap of $2,715.42, a P/E ratio of 38.07 and a beta of 0.61. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. TopBuild has a fifty-two week low of $36.10 and a fifty-two week high of $78.39.
TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. equities analysts forecast that TopBuild will post 2.75 EPS for the current year.
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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.
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