Analysts Set TopBuild Corp. (NYSE:BLD) Price Target at $380.22

TopBuild Corp. (NYSE:BLD) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $380.22.

A number of analysts have weighed in on BLD shares. Wall Street Zen cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective on the stock. Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th.

TopBuild Trading Up 3.1%

NYSE BLD opened at $310.06 on Friday. TopBuild has a 52 week low of $266.26 and a 52 week high of $495.68. The firm has a 50 day moving average of $291.20 and a two-hundred day moving average of $315.76. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.86 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $4.81 earnings per share. TopBuild’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts expect that TopBuild will post 20.97 EPS for the current fiscal year.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider now directly owns 7,007 shares of the company’s stock, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of BLD. Capital Research Global Investors grew its stake in TopBuild by 1.4% in the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock worth $943,050,000 after acquiring an additional 41,047 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock worth $271,331,000 after purchasing an additional 40,916 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of TopBuild by 5.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company’s stock worth $194,876,000 after purchasing an additional 34,885 shares during the last quarter. Invesco Ltd. grew its position in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after purchasing an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of TopBuild by 5.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock valued at $150,053,000 after purchasing an additional 23,428 shares during the period. Institutional investors and hedge funds 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.