TopBuild (NYSE:BLD) Given New $475.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered its price target on TopBuild to $475 (from $525) while keeping an "overweight" rating, a level that implies about a 25.5% upside from the prior close.
• TopBuild beat quarterly expectations with $4.50 EPS vs. $4.39 expected and $1.50B revenue (up 13.2% year-over-year), and shows strong profitability metrics including a 25.66% return on equity.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of $440.21; the stock recently traded at $378.56 and has a market cap of $10.65B (P/E 20.69).

TopBuild (NYSE:BLD - Get Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $525.00 to $475.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's price target would indicate a potential upside of 25.48% from the company's previous close.

Several other research analysts have also recently weighed in on BLD. Jefferies Financial Group increased their price objective on TopBuild from $518.00 to $536.00 and gave the stock a "buy" rating in a research report on Monday, December 15th. Zacks Research cut TopBuild from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. Seaport Research Partners reiterated a "neutral" rating on shares of TopBuild in a research report on Tuesday. Weiss Ratings cut TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Finally, Benchmark lowered their price objective on TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and a consensus price target of $440.21.

TopBuild Stock Performance

BLD stock traded up $27.70 during trading hours on Wednesday, hitting $378.56. 336,930 shares of the stock were exchanged, compared to its average volume of 352,621. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $10.65 billion, a P/E ratio of 20.69, a P/E/G ratio of 4.48 and a beta of 1.78. The company has a 50-day simple moving average of $433.11 and a two-hundred day simple moving average of $434.23. TopBuild has a 12 month low of $266.26 and a 12 month high of $559.47.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.39 by $0.11. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.13 EPS. On average, analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

Several large investors have recently modified their holdings of BLD. Core Wealth Advisors LLC acquired a new stake in shares of TopBuild during the 4th quarter worth $26,000. Advisory Services Network LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth $27,000. Parallel Advisors LLC grew its holdings in shares of TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company's stock worth $31,000 after purchasing an additional 25 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company's stock worth $33,000 after purchasing an additional 59 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth $34,000. 95.67% of the stock is owned by institutional investors and hedge funds.

About TopBuild

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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