TopBuild (NYSE:BLD) Given New $465.00 Price Target at DA Davidson

TopBuild (NYSE:BLD) had its target price lowered by DA Davidson from $485.00 to $465.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company reduced their target price on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group boosted their price target on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Zacks Research lowered TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada increased their price objective on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Finally, Benchmark lowered their target price on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $437.93.

TopBuild Stock Performance

NYSE BLD opened at $356.74 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The company has a market cap of $10.04 billion, a P/E ratio of 19.49, a P/E/G ratio of 4.52 and a beta of 1.72. The stock has a 50-day moving average of $469.84 and a two-hundred day moving average of $440.88. TopBuild has a 1-year low of $266.26 and a 1-year high of $559.47.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned $5.13 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, analysts anticipate that TopBuild will post 20.97 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in TopBuild by 464.5% during the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after buying an additional 639,915 shares during the last quarter. Capital International Investors increased its holdings in shares of TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after acquiring an additional 630,857 shares during the last quarter. Boston Partners increased its holdings in shares of TopBuild by 102.2% in the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after acquiring an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after acquiring an additional 390,838 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of TopBuild during the 2nd quarter worth about $110,238,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.