Analysts Set TopBuild Corp. (NYSE:BLD) Price Target at $266.43

TopBuild Corp. (NYSE:BLD – Get Rating) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $266.43.

BLD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on TopBuild from $209.00 to $190.00 in a report on Friday, July 15th. StockNews.com initiated coverage on TopBuild in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Credit Suisse Group initiated coverage on TopBuild in a report on Tuesday, April 5th. They set an “outperform” rating and a $235.00 price target for the company.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently bought and sold shares of BLD. Venture Visionary Partners LLC acquired a new stake in shares of TopBuild in the second quarter valued at approximately $30,000. UMB Bank N A MO acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $31,000. National Bank of Canada FI acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $34,000. Covestor Ltd acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $36,000. Finally, Trust Co. of Vermont acquired a new stake in shares of TopBuild in the second quarter valued at approximately $41,000. 96.91% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of NYSE BLD opened at $188.33 on Friday. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 16.46 and a beta of 1.48. The business has a 50-day moving average of $182.04 and a 200-day moving average of $198.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.65 and a quick ratio of 1.15. TopBuild has a fifty-two week low of $150.71 and a fifty-two week high of $284.07.

TopBuild (NYSE:BLD – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.65. TopBuild had a return on equity of 25.63% and a net margin of 9.68%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned $2.02 EPS. TopBuild’s revenue for the quarter was up 61.6% compared to the same quarter last year. As a group, sell-side analysts predict that TopBuild will post 14.93 earnings per share for the current fiscal year.

About TopBuild

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TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.