TopBuild Corp. (NYSE:BLD) Given Average Rating of “Moderate Buy” by Brokerages

TopBuild Corp. (NYSE:BLD – Get Rating) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $214.00.

BLD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded TopBuild from a “hold” rating to a “buy” rating and lifted their target price for the stock from $201.00 to $227.00 in a research report on Tuesday, January 10th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Wednesday, February 15th. Finally, KeyCorp lifted their target price on TopBuild from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently made changes to their positions in the company. Ronald Blue Trust Inc. increased its stake in shares of TopBuild by 122.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 151 shares of the construction company’s stock valued at $25,000 after buying an additional 83 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new position in TopBuild in the third quarter valued at about $29,000. Ellevest Inc. purchased a new position in TopBuild in the third quarter valued at about $37,000. Covestor Ltd grew its stake in TopBuild by 118.0% in the first quarter. Covestor Ltd now owns 279 shares of the construction company’s stock valued at $51,000 after purchasing an additional 151 shares during the last quarter. Finally, CWM LLC grew its stake in TopBuild by 68.2% in the fourth quarter. CWM LLC now owns 375 shares of the construction company’s stock valued at $59,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

TopBuild Stock Up 2.0 %

Shares of BLD opened at $210.36 on Monday. The company has a market cap of $6.66 billion, a PE ratio of 12.26 and a beta of 1.48. The business has a fifty day moving average of $187.99 and a 200 day moving average of $173.51. TopBuild has a 52-week low of $140.66 and a 52-week high of $232.92. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.74.

TopBuild (NYSE:BLD – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The construction company reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.38. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.24 billion. TopBuild had a return on equity of 30.81% and a net margin of 11.10%. TopBuild’s revenue was up 22.2% on a year-over-year basis. During the same period last year, the company earned $3.12 earnings per share. On average, sell-side analysts expect that TopBuild will post 15.11 EPS for the current year.

TopBuild Company Profile

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.