TopBuild Corp. (NYSE:BLD) Given Average Rating of “Moderate Buy” by Analysts

TopBuild Corp. (NYSE:BLD) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $443.7829.

BLD has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Royal Bank Of Canada boosted their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. DA Davidson decreased their price target on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Benchmark lowered 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.

Institutional Investors Weigh In On TopBuild

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in shares of TopBuild by 2.8% during the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after buying an additional 97,247 shares in the last quarter. Capital International Investors grew its holdings in TopBuild by 71.1% in the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the period. Capital World Investors lifted its holdings in shares of TopBuild by 0.9% during the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after purchasing an additional 7,735 shares during the last quarter. Bank of America Corp DE boosted its position in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares in the last quarter. Finally, Boston Partners grew its stake in shares of TopBuild by 1.0% in the 3rd 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. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Performance

TopBuild stock opened at $357.73 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The firm has a market cap of $10.07 billion, a P/E ratio of 19.55, a P/E/G ratio of 4.48 and a beta of 1.78. TopBuild has a 1-year low of $266.26 and a 1-year high of $559.47. The firm has a 50-day moving average of $438.12 and a 200-day moving average of $434.79.

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

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.