TopBuild (NYSE:BLD) Rating Reiterated by Stephens

Stephens reissued their equal weight rating on shares of TopBuild (NYSE:BLD) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $425.00 price target on the construction company’s stock.

Several other equities research analysts have also issued reports on BLD. Bank of America upped their price target on TopBuild from $410.00 to $475.00 and gave the company a buy rating in a research report on Thursday, March 14th. Loop Capital raised TopBuild from a hold rating to a buy rating in a research report on Monday, January 8th. StockNews.com raised TopBuild from a hold rating to a buy rating in a research report on Saturday, April 6th. The Goldman Sachs Group increased their target price on TopBuild from $419.00 to $429.00 and gave the stock a buy rating in a research report on Friday, March 1st. Finally, Benchmark increased their target price on TopBuild from $320.00 to $450.00 and gave the stock a buy rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, TopBuild presently has an average rating of Moderate Buy and an average target price of $418.90.

TopBuild Stock Performance

BLD stock opened at $395.13 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The firm has a market cap of $12.57 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.09 and a beta of 1.66. TopBuild has a 12-month low of $199.31 and a 12-month high of $452.87. The stock’s 50 day simple moving average is $412.61 and its 200 day simple moving average is $352.11.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.09. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.40 EPS. As a group, equities research analysts predict that TopBuild will post 21.01 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BLD. Contravisory Investment Management Inc. acquired a new position in shares of TopBuild during the fourth quarter valued at $28,000. Principal Securities Inc. acquired a new position in shares of TopBuild during the fourth quarter valued at $28,000. BluePath Capital Management LLC acquired a new position in shares of TopBuild during the third quarter valued at $30,000. Allspring Global Investments Holdings LLC bought a new position in TopBuild during the first quarter valued at about $31,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in TopBuild during the fourth quarter valued at about $36,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.