Loop Capital Raises TopBuild (NYSE:BLD) Price Target to $400.00

TopBuild (NYSE:BLD - Get Free Report) had its target price boosted by Loop Capital from $360.00 to $400.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Loop Capital's price target would suggest a potential upside of 4.95% from the company's previous close.

Several other equities research analysts have also commented on the stock. DA Davidson dropped their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Bank of America raised their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Stephens dropped 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 note on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

TopBuild Stock Performance

BLD traded down $3.64 on Wednesday, hitting $381.13. 149,058 shares of the company's stock were exchanged, compared to its average volume of 332,720. The firm has a market cap of $10.90 billion, a PE ratio of 19.29, a P/E/G ratio of 3.81 and a beta of 1.64. TopBuild has a twelve month low of $266.26 and a twelve month high of $495.68. The stock has a fifty day moving average of $307.77 and a two-hundred day moving average of $310.74. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $4.81 earnings per share. TopBuild's quarterly revenue was down 3.6% on a year-over-year basis. On average, research analysts anticipate 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 firm'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 completion of the sale, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in BLD. Proficio Capital Partners LLC purchased a new stake in shares of TopBuild in the 4th quarter valued at approximately $5,913,000. Raymond James Financial Inc. purchased a new stake in shares of TopBuild in the 4th quarter valued at approximately $6,410,000. Amundi lifted its position in shares of TopBuild by 23.9% in the 4th quarter. Amundi now owns 80,787 shares of the construction company's stock valued at $25,811,000 after acquiring an additional 15,609 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TopBuild by 11.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,980 shares of the construction company's stock valued at $3,730,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in TopBuild in the 4th quarter worth approximately $1,219,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

About TopBuild

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.