TopBuild (NYSE:BLD) Price Target Increased to $491.00 by Analysts at Evercore ISI

TopBuild (NYSE:BLD) had its price target raised by Evercore ISI from $489.00 to $491.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other research analysts have also recently issued reports about the stock. DA Davidson reduced their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial lowered their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Stock Up 1.4 %

BLD opened at $414.77 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. TopBuild has a 12 month low of $217.08 and a 12 month high of $495.68. The stock has a market capitalization of $13.20 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 1.77. The business has a 50 day simple moving average of $389.93 and a 200-day simple moving average of $404.02.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.25 earnings per share. On average, equities analysts anticipate that TopBuild will post 21.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of the company. Liontrust Investment Partners LLP grew its stake in TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after acquiring an additional 57,880 shares during the period. Forge First Asset Management Inc. purchased a new stake in shares of TopBuild in the first quarter valued at $16,158,000. Distillate Capital Partners LLC acquired a new position in TopBuild in the second quarter valued at $13,832,000. Vident Advisory LLC purchased a new position in TopBuild during the first quarter worth about $13,707,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after buying an additional 30,000 shares during the last quarter. Institutional investors and hedge funds 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.