TopBuild Corp. (NYSE:BLD) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $447.2114.

A number of brokerages recently weighed in on BLD. DA Davidson reissued a "buy" rating and issued a $465.00 price target on shares of TopBuild in a report on Monday, April 20th. Weiss Ratings downgraded shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. Benchmark cut their price target on shares of TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Royal Bank Of Canada boosted their price target on shares of TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st.

Institutional Investors Weigh In On TopBuild

Several institutional investors have recently added to or reduced their stakes in BLD. Victory Capital Management Inc. lifted its holdings in TopBuild by 464.5% during the fourth quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company's stock valued at $324,434,000 after purchasing an additional 639,915 shares during the last quarter. Capital International Investors lifted its holdings in TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company's stock valued at $633,346,000 after purchasing an additional 630,857 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company's stock valued at $128,119,000 after purchasing an additional 390,838 shares during the last quarter. Norges Bank purchased a new stake in TopBuild during the fourth quarter valued at about $104,947,000. Finally, Artisan Partners Limited Partnership purchased a new stake in TopBuild during the fourth quarter valued at about $101,450,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE:BLD opened at $435.65 on Wednesday. The company's 50-day moving average is $406.88 and its 200 day moving average is $436.62. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The company has a market capitalization of $12.26 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 5.60 and a beta of 1.78. TopBuild has a fifty-two week low of $273.87 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping analysts' consensus estimates of $4.39 by $0.11. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.13 EPS. On average, equities research analysts forecast that TopBuild will post 18.12 earnings per share for the current year.

TopBuild Company Profile

TopBuild Corp. NYSE: BLD is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild's core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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