TopBuild Corp. (NYSE:BLD) Receives $439.26 Consensus PT from Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $439.2640.

A number of equities analysts have commented on BLD shares. Royal Bank Of Canada lifted their target price on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Wells Fargo & Company cut their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group boosted their price objective on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd.

TopBuild Stock Up 1.1%

Shares of NYSE:BLD opened at $371.17 on Tuesday. The company’s fifty day moving average is $472.68 and its two-hundred day moving average is $441.85. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. TopBuild has a 1-year low of $266.26 and a 1-year high of $559.47. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 4.52 and a beta of 1.72.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.39 by $0.11. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.13 EPS. Equities analysts anticipate that TopBuild will post 20.97 EPS for the current year.

Institutional Trading of TopBuild

A number of large investors have recently modified their holdings of BLD. Capital Research Global Investors lifted its position in TopBuild by 2.8% in the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after purchasing an additional 97,247 shares during the last quarter. Capital International Investors grew its position in TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the last quarter. Capital World Investors increased its stake in shares of TopBuild by 0.9% in the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after purchasing an additional 7,735 shares during the period. Bank of America Corp DE increased its stake in shares of TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares during the period. Finally, Boston Partners raised its holdings in shares of TopBuild by 1.0% during the third quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after buying an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.