TopBuild Corp. (NYSE:BLD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TopBuild Corp. (NYSE:BLD) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $439.2640.

Several brokerages have commented on BLD. Royal Bank Of Canada raised their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating 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 company a “buy” rating in a report on Monday, December 15th. Benchmark reduced their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Wells Fargo & Company decreased their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, DA Davidson reiterated a “buy” rating and set a $485.00 price objective on shares of TopBuild in a research report on Wednesday, December 10th.

TopBuild Stock Down 0.1%

Shares of TopBuild stock opened at $387.01 on Tuesday. The stock’s fifty day moving average is $478.05 and its 200-day moving average is $443.77. The firm has a market capitalization of $10.89 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.75 and a beta of 1.72. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. TopBuild has a 12-month low of $266.26 and a 12-month high of $559.47.

TopBuild (NYSE:BLD) last released 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 business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.TopBuild’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $5.13 EPS. Equities analysts anticipate that TopBuild will post 20.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors increased its position in TopBuild by 2.8% in the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after purchasing an additional 97,247 shares during the last quarter. Capital International Investors lifted its holdings in shares of TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after buying an additional 630,857 shares during the last quarter. Capital World Investors grew its stake in shares of TopBuild by 0.9% in the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after buying an additional 7,735 shares in the last quarter. Bank of America Corp DE increased its holdings in TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after buying an additional 109,572 shares during the last quarter. Finally, Boston Partners increased its holdings in TopBuild by 1.0% in the third quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after buying an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors 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.