TopBuild Corp. (NYSE:BLD) Receives $437.00 Average Price Target from Analysts

TopBuild Corp. (NYSE:BLD) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $437.00.

BLD has been the subject of several research reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. DA Davidson reduced their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th.

TopBuild Stock Performance

NYSE BLD opened at $326.92 on Monday. The stock has a market cap of $9.64 billion, a PE ratio of 16.49, a P/E/G ratio of 2.03 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a 50-day moving average of $337.91 and a 200-day moving average of $370.63. TopBuild has a 52-week low of $302.70 and a 52-week high of $495.68.

Institutional Trading of TopBuild

Several large investors have recently modified their holdings of BLD. Sequoia Financial Advisors LLC raised its stake in TopBuild by 59.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,455 shares of the construction company’s stock valued at $453,000 after purchasing an additional 544 shares in the last quarter. HighTower Advisors LLC raised its position in shares of TopBuild by 29.9% in the 4th quarter. HighTower Advisors LLC now owns 2,884 shares of the construction company’s stock valued at $898,000 after buying an additional 663 shares in the last quarter. Johnson Investment Counsel Inc. acquired a new position in shares of TopBuild in the 4th quarter valued at approximately $1,219,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TopBuild by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,980 shares of the construction company’s stock worth $3,730,000 after acquiring an additional 1,195 shares during the period. Finally, Amundi boosted its position in shares of TopBuild by 23.9% during the 4th quarter. Amundi now owns 80,787 shares of the construction company’s stock worth $25,811,000 after acquiring an additional 15,609 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.