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.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/topbuild-corp-bld-receives-66-80-average-target-price-from-analysts/1814436.html.

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)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.