The Goldman Sachs Group Initiates Coverage on TopBuild (NYSE:BLD)

Research analysts at The Goldman Sachs Group initiated coverage on shares of TopBuild (NYSE:BLD) in a research report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $355.00 price target on the construction company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 19.71% from the company’s current price.

Other analysts have also issued research reports about the stock. Evercore ISI upgraded shares of TopBuild from an “in-line” rating to an “outperform” rating and raised their price target for the company from $308.00 to $368.00 in a research report on Thursday, November 9th. Benchmark reissued a “buy” rating and issued a $320.00 price objective on shares of TopBuild in a report on Tuesday, August 8th. JPMorgan Chase & Co. boosted their price objective on TopBuild from $224.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Jefferies Financial Group decreased their target price on TopBuild from $365.00 to $331.00 in a research report on Thursday, October 12th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of TopBuild in a report on Tuesday, August 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $297.27.

TopBuild Price Performance

Shares of BLD opened at $296.54 on Thursday. The company has a market capitalization of $9.42 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.76 and a beta of 1.59. The business’s 50-day moving average is $251.77 and its two-hundred day moving average is $253.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.50. TopBuild has a fifty-two week low of $145.08 and a fifty-two week high of $307.54.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $5.43 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.84. TopBuild had a return on equity of 28.59% and a net margin of 11.82%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $4.80 earnings per share. TopBuild’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts predict that TopBuild will post 19.35 earnings per share for the current year.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $286.44, for a total transaction of $286,440.00. Following the completion of the sale, the insider now owns 9,670 shares of the company’s stock, valued at approximately $2,769,874.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of TopBuild by 107.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company’s stock worth $31,000 after acquiring an additional 60 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in TopBuild during the third quarter worth about $30,000. Nomura Asset Management Co. Ltd. raised its stake in TopBuild by 37.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after purchasing an additional 43 shares during the period. Headlands Technologies LLC acquired a new position in TopBuild in the 3rd quarter valued at about $44,000. Finally, Ronald Blue Trust Inc. grew its stake in shares of TopBuild by 75.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 184 shares of the construction company’s stock valued at $49,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 95.58% 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.