Benchmark Increases TopBuild (NYSE:BLD) Price Target to $470.00

TopBuild (NYSE:BLD - Free Report) had its price target lifted by Benchmark from $450.00 to $470.00 in a research note released on Wednesday, Benzinga reports. Benchmark currently has a buy rating on the construction company's stock.

Several other brokerages have also commented on BLD. The Goldman Sachs Group increased their price objective on TopBuild from $419.00 to $429.00 and gave the company a buy rating in a report on Friday, March 1st. DA Davidson began coverage on shares of TopBuild in a research note on Tuesday, March 5th. They set a buy rating and a $470.00 target price for the company. Evercore ISI upped their target price on shares of TopBuild from $469.00 to $527.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of TopBuild from a hold rating to a buy rating in a report on Saturday, April 6th. Finally, Stephens reaffirmed an equal weight rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, TopBuild presently has an average rating of Moderate Buy and a consensus price target of $420.90.

TopBuild Stock Down 0.0 %

BLD stock traded down $0.05 on Wednesday, reaching $396.55. 399,889 shares of the company traded hands, compared to its average volume of 271,389. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm has a fifty day simple moving average of $414.07 and a 200-day simple moving average of $363.66. TopBuild has a one year low of $199.31 and a one year high of $452.87. The company has a market cap of $12.62 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. TopBuild's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.36 earnings per share. Research analysts anticipate that TopBuild will post 21.02 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild during the first quarter worth about $31,000. Contravisory Investment Management Inc. bought a new stake in TopBuild in the 4th quarter valued at about $28,000. Principal Securities Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new stake in TopBuild during the first quarter worth about $37,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in TopBuild in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.67% of the company's stock.

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.