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 research analysts at Loop Capital from $360.00 to $400.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Loop Capital's target price points to a potential upside of 5.59% from the stock's current price.

A number of other research firms have also commented on BLD. JPMorgan Chase & Co. upped their price target on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday. Bank of America upped their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday. Stephens cut their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $387.27.

TopBuild Price Performance

Shares of TopBuild stock traded down $5.95 during trading on Wednesday, reaching $378.82. 491,462 shares of the company's stock were exchanged, compared to its average volume of 333,315. The company has a market cap of $10.83 billion, a P/E ratio of 19.16, a PEG ratio of 4.24 and a beta of 1.64. TopBuild has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02. The firm's 50-day moving average price is $309.35 and its 200 day moving average price is $311.20.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. 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 previous year, the company posted $4.81 EPS. The business's revenue was down 3.6% on a year-over-year basis. As a group, research analysts anticipate that TopBuild will post 20.97 earnings per share for the current 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 stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in TopBuild by 1.4% during the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after buying an additional 41,047 shares during the period. Pictet Asset Management Holding SA raised its stake in TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after buying an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in TopBuild by 5.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company's stock worth $194,876,000 after buying an additional 34,885 shares during the period. Invesco Ltd. raised its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after purchasing an additional 75,713 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of TopBuild by 5.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock worth $150,053,000 after purchasing an additional 23,428 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.