JPMorgan Chase & Co. Issues Positive Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD - Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $344.00 to $398.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the construction company's stock.

Other analysts have also issued research reports about the stock. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. DA Davidson lowered their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Bank of America boosted their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Finally, Stephens lowered their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $387.27.

TopBuild Stock Performance

BLD stock traded down $5.95 during mid-day trading on Wednesday, hitting $378.82. The company had a trading volume of 491,462 shares, compared to its average volume of 332,742. The firm has a market cap of $10.83 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 4.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02. TopBuild has a 12 month low of $266.26 and a 12 month high of $495.68. The stock's fifty day moving average price is $309.35 and its two-hundred day moving average price is $311.19.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.81 earnings per share. On average, analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.43% of the company's stock.

Institutional Trading of TopBuild

A number of hedge funds and other institutional investors have recently bought and sold shares of BLD. T. Rowe Price Investment Management Inc. increased its holdings in TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after acquiring an additional 535,478 shares during the period. Boston Partners purchased a new position in TopBuild in the 1st quarter worth approximately $116,738,000. Norges Bank purchased a new position in TopBuild in the 4th quarter worth approximately $108,688,000. Westwood Holdings Group Inc. purchased a new position in TopBuild in the 4th quarter worth approximately $80,844,000. Finally, New Vernon Capital Holdings II LLC purchased a new position in TopBuild in the 1st quarter worth approximately $75,604,000. Institutional investors 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.