TopBuild Corp. (NYSE:BLD) Receives $169.86 Consensus PT from Analysts


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Shares of TopBuild Corp. (NYSE:BLD) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $170.21.

Several equities research analysts have recently issued reports on the company. KeyCorp raised their price objective on TopBuild from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, February 23rd. Zacks Investment Research cut TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a report on Tuesday, January 5th. JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $210.00 to $215.00 and gave the company an “underweight” rating in a report on Wednesday. Truist lifted their price target on shares of TopBuild from $184.00 to $232.00 in a research report on Wednesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of TopBuild from $183.00 to $206.00 and gave the stock a “buy” rating in a research report on Tuesday, December 15th.

TopBuild stock opened at $209.27 on Monday. The stock has a market capitalization of $6.92 billion, a P/E ratio of 31.47 and a beta of 1.61. TopBuild has a 12-month low of $68.66 and a 12-month high of $224.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.62. The firm’s 50-day moving average is $203.59 and its two-hundred day moving average is $188.89.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Monday, February 22nd. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.25. The business had revenue of $721.49 million for the quarter, compared to the consensus estimate of $714.26 million. TopBuild had a net margin of 8.36% and a return on equity of 18.32%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. As a group, analysts forecast that TopBuild will post 6.97 EPS for the current year.

In other TopBuild news, CFO John S. Peterson sold 9,547 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $200.00, for a total transaction of $1,909,400.00. Also, insider Steven P. Raia sold 180 shares of the firm’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $201.53, for a total transaction of $36,275.40. Following the completion of the transaction, the insider now owns 3,651 shares in the company, valued at $735,786.03. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Several large investors have recently made changes to their positions in BLD. Alliancebernstein L.P. boosted its position in shares of TopBuild by 80.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,222,284 shares of the construction company’s stock worth $224,998,000 after buying an additional 545,990 shares during the period. Norges Bank acquired a new position in TopBuild during the 4th quarter worth $68,665,000. Ardevora Asset Management LLP bought a new position in shares of TopBuild in the fourth quarter worth $62,477,000. Boston Trust Walden Corp increased its holdings in shares of TopBuild by 382.4% during the fourth quarter. Boston Trust Walden Corp now owns 303,860 shares of the construction company’s stock valued at $55,934,000 after purchasing an additional 240,871 shares during the period. Finally, Fiera Capital Corp bought a new stake in shares of TopBuild during the fourth quarter valued at about $34,129,000. Institutional investors own 94.64% of the company’s stock.

About TopBuild

TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services.

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Analyst Recommendations for TopBuild (NYSE:BLD)

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