TopBuild (NYSE:BLD) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild (NYSE:BLD) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $356.00 price target on the construction company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 13.69% from the company’s current price.

A number of other research firms have also weighed in on BLD. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Loop Capital lowered their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Stock Up 2.6 %

TopBuild stock opened at $313.13 on Tuesday. TopBuild has a fifty-two week low of $288.31 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm’s 50-day simple moving average is $317.36 and its 200 day simple moving average is $347.85. The stock has a market cap of $9.16 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $4.69 earnings per share. TopBuild’s revenue was up 2.0% on a year-over-year basis. Research analysts predict that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Trading of TopBuild

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors increased its stake in shares of TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock worth $943,050,000 after purchasing an additional 41,047 shares in the last quarter. State Street Corp increased its position in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after purchasing an additional 40,916 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after buying an additional 12,909 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after buying an additional 535,478 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About TopBuild

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.