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

TopBuild (NYSE:BLD - Get Free Report) had its price objective increased by equities researchers at Loop Capital from $360.00 to $400.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Loop Capital's target price suggests a potential upside of 8.34% from the stock's previous close.

Several other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Stephens reduced their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Bank of America upped their target price on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, DA Davidson dropped their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $387.27.

TopBuild Stock Up 3.5%

Shares of BLD stock traded up $12.32 during mid-day trading on Wednesday, reaching $369.21. 248,813 shares of the company were exchanged, compared to its average volume of 329,182. The business's 50 day simple moving average is $304.36 and its 200 day simple moving average is $309.75. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a market capitalization of $10.55 billion, a P/E ratio of 18.65, a P/E/G ratio of 3.45 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 (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.81 earnings per share. Research analysts predict that TopBuild will post 20.97 earnings per share for the current year.

Insider Transactions at TopBuild

In other TopBuild 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 value of $540,483.24. Following the completion of the transaction, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On TopBuild

Several institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after buying an additional 48 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of TopBuild by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after purchasing an additional 637 shares in the last quarter. Algert Global LLC grew its stake in TopBuild by 69.7% during the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after buying an additional 2,887 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of TopBuild by 192.7% in the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after buying an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new stake in TopBuild in the 1st quarter worth about $269,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.

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