Evercore ISI Raises TopBuild (NYSE:BLD) Price Target to $527.00

TopBuild (NYSE:BLD - Get Free Report) had its target price raised by Evercore ISI from $469.00 to $527.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the construction company's stock. Evercore ISI's price target suggests a potential upside of 21.66% from the company's current price.

A number of other equities analysts also recently issued reports on BLD. JPMorgan Chase & Co. raised shares of TopBuild from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $312.00 to $387.00 in a report on Thursday, December 14th. Truist Financial downgraded TopBuild from a "buy" rating to a "hold" rating and lifted their target price for the company from $290.00 to $410.00 in a research report on Thursday, January 4th. Loop Capital upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. Bank of America boosted their price objective on TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. Finally, StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $401.40.

TopBuild Stock Down 1.2 %

TopBuild stock traded down $5.19 during trading hours on Tuesday, hitting $433.16. The stock had a trading volume of 243,915 shares, compared to its average volume of 252,091. The stock's 50-day moving average price is $400.42 and its 200-day moving average price is $333.52. TopBuild has a 12-month low of $184.50 and a 12-month high of $447.20. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $13.78 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.13 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping analysts' consensus estimates of $4.60 by $0.09. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.40 earnings per share. Equities research analysts anticipate that TopBuild will post 20.86 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently added to or reduced their stakes in BLD. Millennium Management LLC raised its holdings in shares of TopBuild by 230.1% in the fourth quarter. Millennium Management LLC now owns 864,237 shares of the construction company's stock worth $135,244,000 after buying an additional 602,416 shares during the period. Capital International Investors lifted its position in shares of TopBuild by 135.6% during the first quarter. Capital International Investors now owns 913,930 shares of the construction company's stock worth $165,778,000 after purchasing an additional 526,053 shares during the last quarter. Norges Bank purchased a new stake in shares of TopBuild during the fourth quarter valued at $70,298,000. William Blair Investment Management LLC bought a new stake in TopBuild during the 3rd quarter valued at about $95,147,000. Finally, Axiom Investors LLC DE purchased a new stake in TopBuild in the 4th quarter valued at about $87,451,000. 95.67% of the stock is owned by institutional investors.

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.