TopBuild Corp. (NYSE:BLD) Given Consensus Rating of "Moderate Buy" by Brokerages

TopBuild Corp. (NYSE:BLD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $401.40.

Several research firms have weighed in on BLD. The Goldman Sachs Group increased their price objective on TopBuild from $419.00 to $429.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Evercore ISI raised their price objective on TopBuild from $469.00 to $527.00 and gave the company an "outperform" rating in a research report on Tuesday, April 2nd. DA Davidson started coverage on TopBuild in a research report on Tuesday, March 5th. They set a "buy" rating and a $470.00 price objective for the company. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Truist Financial downgraded TopBuild from a "buy" rating to a "hold" rating and increased their target price for the company from $290.00 to $410.00 in a research note on Thursday, January 4th.

TopBuild Price Performance

NYSE BLD traded down $2.96 during trading on Tuesday, reaching $434.56. The company's stock had a trading volume of 180,465 shares, compared to its average volume of 248,972. The stock has a market capitalization of $13.83 billion, a PE ratio of 22.63, a P/E/G ratio of 2.15 and a beta of 1.66. 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 moving average of $407.50 and a 200 day moving average of $339.88. TopBuild has a one year low of $190.18 and a one year high of $452.87.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the business earned $4.40 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts expect that TopBuild will post 20.98 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in shares of TopBuild by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company's stock worth $2,223,000 after buying an additional 4,503 shares during the last quarter. Pacer Advisors Inc. lifted its position in TopBuild by 74.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company's stock valued at $2,349,000 after purchasing an additional 2,677 shares in the last quarter. Nordea Investment Management AB purchased a new position in TopBuild during the fourth quarter valued at $222,000. Teza Capital Management LLC purchased a new position in TopBuild during the third quarter valued at $722,000. Finally, Symmetry Partners LLC purchased a new position in TopBuild during the fourth quarter valued at $714,000. 95.67% of the stock is currently owned by hedge funds and other 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.