The Goldman Sachs Group Issues Pessimistic Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its target price cut by analysts at The Goldman Sachs Group from $475.00 to $410.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 28.89% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Jefferies Financial Group decreased their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, DA Davidson cut their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Stock Performance

Shares of BLD stock opened at $318.10 on Tuesday. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.31 and a beta of 1.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a 52 week low of $302.70 and a 52 week high of $495.68. The company has a 50-day simple moving average of $348.26 and a 200 day simple moving average of $380.15.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company earned $5.43 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild will post 20.95 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. State Street Corp grew its position in TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after purchasing an additional 34,911 shares during the period. Geode Capital Management LLC lifted its stake in shares of TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after buying an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of TopBuild in the third quarter valued at $114,220,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of TopBuild by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock valued at $94,955,000 after buying an additional 5,982 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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.