TopBuild (NYSE:BLD) Upgraded at StockNews.com

StockNews.com upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a report published on Tuesday morning.

Several other analysts have also weighed in on the stock. Truist Financial dropped their price objective 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. Jefferies Financial Group dropped their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. DA Davidson dropped their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Evercore ISI increased their price objective on TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Stock Down 0.8 %

Shares of BLD opened at $353.26 on Tuesday. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.45 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild has a 12 month low of $225.45 and a 12 month high of $495.68. The company has a 50-day moving average price of $388.75 and a two-hundred day moving average price of $400.58.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.25 EPS. Equities analysts predict that TopBuild will post 21.08 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently modified their holdings of BLD. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TopBuild by 25.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock worth $843,000 after buying an additional 390 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in TopBuild during the 1st quarter worth approximately $31,000. State of Michigan Retirement System raised its holdings in TopBuild by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 7,757 shares of the construction company’s stock valued at $3,419,000 after acquiring an additional 100 shares in the last quarter. Mezzasalma Advisors LLC acquired a new position in TopBuild in the 1st quarter valued at $1,491,000. Finally, Van ECK Associates Corp increased its stake in shares of TopBuild by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 12,279 shares of the construction company’s stock valued at $5,412,000 after purchasing an additional 3,284 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.