Wells Fargo & Company Lowers TopBuild (NYSE:BLD) Price Target to $475.00

TopBuild (NYSE:BLD) had its target price dropped by Wells Fargo & Company from $525.00 to $475.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 23.74% from the stock’s previous close.

A number of other research firms also recently commented on BLD. Jefferies Financial Group increased their price objective on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a report on Monday, December 15th. Benchmark cut their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a report on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.21.

TopBuild Trading Up 0.6%

Shares of TopBuild stock opened at $383.87 on Wednesday. The firm has a market capitalization of $10.81 billion, a PE ratio of 20.98, a P/E/G ratio of 4.79 and a beta of 1.78. TopBuild has a twelve month low of $273.87 and a twelve month high of $559.47. The firm’s 50-day moving average price is $429.19 and its 200 day moving average price is $433.53. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. TopBuild’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $5.13 EPS. On average, sell-side analysts predict that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Trading of TopBuild

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inscription Capital LLC increased its holdings in shares of TopBuild by 104.6% during the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock worth $1,153,000 after buying an additional 1,508 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $997,000. WCM Investment Management LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $17,734,000. Campbell & CO Investment Adviser LLC increased its holdings in shares of TopBuild by 697.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock worth $3,090,000 after buying an additional 6,915 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of TopBuild by 20.7% during the 3rd quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock worth $13,677,000 after buying an additional 5,991 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About TopBuild

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.