DA Davidson Lowers TopBuild (NYSE:BLD) Price Target to $465.00

Key Points

• DA Davidson lowered its price target on TopBuild from $485 to $465 but kept a "buy" rating, implying a potential upside of about 28.28% from the prior close.
• Analyst views diverge: consensus is a Moderate Buy with an average price target of $437.93, while individual targets range from Jefferies' $536 to a "strong sell" from Zacks.
• TopBuild shares traded at $362.50 (down ~1.3%) and sit below most analyst targets and both the 50- and 200-day moving averages, despite beating quarterly EPS estimates ($4.50 vs. $4.39) and reporting 13.2% year-over-year revenue growth.

TopBuild (NYSE:BLD - Get Free Report) had its target price lowered by analysts at DA Davidson from $485.00 to $465.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. DA Davidson's price target suggests a potential upside of 28.28% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada raised their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a "sector perform" rating in a research report on Friday, February 27th. Jefferies Financial Group increased their price objective on shares of TopBuild from $518.00 to $536.00 and gave the stock a "buy" rating in a research note on Monday, December 15th. Weiss Ratings cut TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. Benchmark lowered their target price on TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Finally, Zacks Research cut TopBuild from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $437.93.

TopBuild Trading Down 1.3%

TopBuild stock traded down $4.70 during mid-day trading on Wednesday, hitting $362.50. The stock had a trading volume of 26,321 shares, compared to its average volume of 329,358. The stock has a 50-day simple moving average of $471.14 and a two-hundred day simple moving average of $441.47. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $10.20 billion, a PE ratio of 19.81, a P/E/G ratio of 4.57 and a beta of 1.72. TopBuild has a 12 month low of $266.26 and a 12 month high of $559.47.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business posted $5.13 earnings per share. TopBuild's revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that TopBuild will post 20.97 EPS for the current year.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new position in TopBuild in the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new stake in shares of TopBuild during the third quarter worth about $27,000. Parallel Advisors LLC increased its stake in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company's stock valued at $31,000 after buying an additional 25 shares during the period. Global Retirement Partners LLC increased its stake in shares of TopBuild by 310.5% in the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company's stock valued at $33,000 after buying an additional 59 shares during the period. Finally, First Horizon Corp raised its holdings in TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 50 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

About TopBuild

TopBuild Corp. NYSE: BLD is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild's core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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