TopBuild (NYSE:BLD - Get Free Report) had its price objective increased by stock analysts at Evercore ISI from $347.00 to $418.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "in-line" rating on the construction company's stock. Evercore ISI's target price would suggest a potential upside of 1.70% from the company's current price.
Other equities analysts have also issued reports about the company. Loop Capital increased their price objective on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a research report on Tuesday. Bank of America raised their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, DA Davidson dropped their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $388.92.
View Our Latest Analysis on TopBuild
TopBuild Price Performance
TopBuild stock opened at $411.00 on Wednesday. The stock's 50 day moving average is $337.48 and its 200 day moving average is $317.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The firm has a market cap of $11.75 billion, a P/E ratio of 20.82, a P/E/G ratio of 4.98 and a beta of 1.63. TopBuild has a one year low of $266.26 and a one year high of $419.87.
TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.42 EPS. As a group, research analysts expect that TopBuild will post 20.97 EPS for the current year.
Insiders Place Their Bets
In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider owned 7,007 shares of the company's stock, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by insiders.
Institutional Trading of TopBuild
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. grew its position in TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after purchasing an additional 48 shares during the period. The Manufacturers Life Insurance Company raised its position in TopBuild by 3.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after purchasing an additional 637 shares during the period. Algert Global LLC raised its position in TopBuild by 69.7% in the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock valued at $2,189,000 after purchasing an additional 2,887 shares during the period. Two Sigma Investments LP raised its position in TopBuild by 192.7% in the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after purchasing an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new position in shares of TopBuild in the first quarter worth $269,000. Institutional investors own 95.67% of the company's stock.
TopBuild Company Profile
(
Get Free Report)
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.
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