Brokerages Set TopBuild Corp. (NYSE:BLD) PT at $418.90

Shares of TopBuild Corp. (NYSE:BLD) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $418.90.

Several brokerages recently issued reports on BLD. Benchmark raised their target price on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, March 1st. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Evercore ISI raised their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group lifted their price objective on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th.

TopBuild Trading Up 3.7 %

NYSE:BLD opened at $417.57 on Friday. TopBuild has a 12 month low of $199.31 and a 12 month high of $452.87. The firm has a fifty day simple moving average of $414.41 and a 200-day simple moving average of $362.47. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $13.29 billion, a P/E ratio of 21.60, a PEG ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $4.40 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that TopBuild will post 21.02 earnings per share for the current year.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new stake in shares of TopBuild during the fourth quarter worth about $28,000. Principal Securities Inc. purchased a new stake in shares of TopBuild during the fourth quarter worth about $28,000. BluePath Capital Management LLC purchased a new stake in shares of TopBuild during the third quarter worth about $30,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild during the first quarter worth about $31,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of TopBuild during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.