TopBuild Corp. (NYSE:BLD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TopBuild Corp. (NYSE:BLD) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $411.78.

BLD has been the topic of several research analyst reports. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Hedge Funds Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the third quarter valued at $31,000. Winch Advisory Services LLC bought a new position in shares of TopBuild in the fourth quarter valued at $26,000. Versant Capital Management Inc grew its stake in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of TopBuild in the third quarter valued at $45,000. Finally, Kennebec Savings Bank bought a new position in shares of TopBuild in the third quarter valued at $45,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $295.96 on Friday. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.82 and a beta of 1.85. The firm’s 50 day simple moving average is $325.69 and its 200 day simple moving average is $359.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild has a fifty-two week low of $288.31 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company posted $4.69 EPS. As a group, sell-side analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

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.