Evercore ISI Issues Pessimistic Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its price objective reduced by stock analysts at Evercore ISI from $491.00 to $443.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Evercore ISI’s price target points to a potential upside of 18.91% from the company’s current price.

A number of other analysts have also weighed in on BLD. Truist Financial lowered their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. DA Davidson reduced their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

NYSE BLD opened at $372.54 on Wednesday. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.27 and a beta of 1.79. The company has a 50 day moving average of $385.15 and a 200-day moving average of $399.31. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild has a 1-year low of $262.64 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $5.43 earnings per share. On average, equities analysts forecast that TopBuild will post 21.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after purchasing an additional 15,965 shares during the period. Liontrust Investment Partners LLP raised its holdings in shares of TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TopBuild in the 3rd quarter valued at about $114,220,000. Bank of New York Mellon Corp raised its holdings in shares of TopBuild by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock valued at $100,927,000 after purchasing an additional 2,133 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Company Profile

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.