TopBuild (NYSE:BLD) had its price target lifted by Truist from $184.00 to $232.00 in a research report issued on Wednesday, The Fly reports. Truist's target price points to a potential upside of 14.04% from the company's previous close.
A number of other research firms have also issued reports on BLD. BTIG Research lifted their target price on TopBuild from $207.00 to $213.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. KeyCorp lifted their price target on TopBuild from $210.00 to $230.00 and gave the stock an "overweight" rating in a report on Tuesday. Truist Financial lifted their price target on TopBuild from $160.00 to $184.00 in a report on Wednesday, November 4th. Zacks Investment Research downgraded TopBuild from a "buy" rating to a "hold" rating and set a $191.00 price target for the company. in a report on Tuesday, January 5th. Finally, JPMorgan Chase & Co. began coverage on TopBuild in a report on Wednesday, February 10th. They set an "underweight" rating and a $210.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. TopBuild presently has a consensus rating of "Hold" and an average price target of $168.53.
NYSE:BLD traded up $2.13 during midday trading on Wednesday, reaching $203.44. The company had a trading volume of 19,760 shares, compared to its average volume of 279,340. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 30.51 and a beta of 1.61. The stock's fifty day simple moving average is $206.68 and its 200-day simple moving average is $178.70. TopBuild has a 12-month low of $54.83 and a 12-month high of $224.89. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.54.
TopBuild (NYSE:BLD) last released its earnings results on Monday, February 22nd. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.90 by $0.25. The firm had revenue of $721.49 million during the quarter, compared to analyst estimates of $714.26 million. TopBuild had a return on equity of 18.32% and a net margin of 8.36%. TopBuild's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. As a group, sell-side analysts expect that TopBuild will post 6.97 EPS for the current year.
Several hedge funds have recently bought and sold shares of BLD. Alliancebernstein L.P. boosted its holdings in shares of TopBuild by 80.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,222,284 shares of the construction company's stock valued at $224,998,000 after acquiring an additional 545,990 shares during the period. Ardevora Asset Management LLP acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $62,477,000. Boston Trust Walden Corp boosted its holdings in shares of TopBuild by 382.4% in the fourth quarter. Boston Trust Walden Corp now owns 303,860 shares of the construction company's stock valued at $55,934,000 after acquiring an additional 240,871 shares during the period. Fiera Capital Corp acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $34,129,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $21,906,000. 94.64% of the stock is owned by institutional investors and hedge funds.
TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, shower enclosures, closet shelving, accessories, and other products; and insulation installation services.
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7 Semiconductor Stocks Set to Gain From the Chip Shortage
Who knew that something so tiny could create such a big problem? However, that’s the case with the semiconductor industry. Chip manufacturers are facing supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in high demand for the big tech companies who need the chips to power the servers for their data centers. But they are also needed for much of the technology we take for granted including laptops, tablets, mobile phones, gaming consoles, and automobiles – a sector that seems to be at the root of the current crisis.
Any weekend mechanic knows that even traditional internal combustion cars are heavily reliant on electronics. In fact, electronic parts and components account for 40% of a new, internal combustion vehicle. That’s more than doubled since 2000.
However as it turns out, some manufacturers may have overestimated how soon consumers would be ready for an “all-electric” future. And that meant that they didn’t forecast how much demand there would be for the kind of chips needed to do the mundane, but vital tasks of steering, braking, and even powering windows up and down.
Part of the problem is that U.S. businesses are heavily reliant on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that manufacture these chips. And it comes at a good time. The semiconductor sector is notoriously cyclical and was coming down from the elevated demand for the 5G buildout.
In this special presentation, we’ll give you a list of seven semiconductor companies that you can invest in to take advantage of this opportunity.
View the "7 Semiconductor Stocks Set to Gain From the Chip Shortage".