TopBuild (NYSE:BLD) Price Target Raised to $470.00 at Benchmark

TopBuild (NYSE:BLD) had its price target boosted by equities researchers at Benchmark from $450.00 to $470.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Benchmark’s target price would indicate a potential upside of 14.97% from the company’s current price.

A number of other equities analysts have also recently commented on the company. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Bank of America boosted their price objective on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group raised their target price on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Stephens reiterated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Finally, Evercore ISI upped their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.90.

TopBuild Trading Up 3.0 %

TopBuild stock opened at $408.81 on Wednesday. The business has a 50-day simple moving average of $414.30 and a two-hundred day simple moving average of $364.20. TopBuild has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $13.01 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $4.36 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts predict that TopBuild will post 21.02 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Several institutional investors have recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. bought a new position in shares of TopBuild during the 4th quarter valued at approximately $221,000. Federated Hermes Inc. grew its stake in shares of TopBuild by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock worth $2,223,000 after buying an additional 4,503 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of TopBuild by 74.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock worth $2,349,000 after buying an additional 2,677 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of TopBuild during the 4th quarter valued at about $222,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of TopBuild during the 4th quarter valued at about $3,331,000. Hedge funds and other institutional investors own 95.67% 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, garage doors, fireplaces, roofing materials, closet shelving, and other products.