TopBuild (NYSE:BLD) Price Target Raised to $444.00 at Benchmark

Key Points

• TopBuild has received a price target increase from Benchmark, now set at $444.00, reflecting a potential upside of 9.60% from its current stock price.
• The company's recent earnings report indicated an EPS of $5.31, surpassing expectations, despite a 5% decline in quarterly revenue year-over-year.
• As of now, TopBuild has a consensus rating of "Moderate Buy" with six hold ratings and eight buy ratings from analysts.

TopBuild (NYSE:BLD - Get Free Report) had its price target raised by equities researchers at Benchmark from $375.00 to $444.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Benchmark's price objective would suggest a potential upside of 9.60% from the stock's current price.

A number of other analysts also recently issued reports on the stock. DA Davidson lowered their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Evercore ISI lifted their price objective on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday. Stephens lowered their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. UBS Group set a $370.00 price objective on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted 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, July 9th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $394.67.

TopBuild Stock Down 0.7%

BLD stock traded down $2.96 during mid-day trading on Wednesday, hitting $405.12. 42,402 shares of the company were exchanged, compared to its average volume of 365,353. 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 has a market cap of $11.58 billion, a P/E ratio of 20.44, a P/E/G ratio of 4.98 and a beta of 1.63. The firm's 50 day simple moving average is $337.48 and its 200 day simple moving average is $317.56. TopBuild has a 1-year low of $266.26 and a 1-year high of $419.87.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company posted $5.42 EPS. On average, sell-side analysts predict that TopBuild will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction 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 transaction, the insider directly owned 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was 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. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in TopBuild by 1.4% during the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after purchasing an additional 41,047 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of TopBuild by 5.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company's stock valued at $194,876,000 after acquiring an additional 34,885 shares during the period. Invesco Ltd. boosted its position in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after acquiring an additional 75,713 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position 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 valued at $150,053,000 after acquiring an additional 23,428 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of TopBuild by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company's stock valued at $141,908,000 after acquiring an additional 93,011 shares during the period. 95.67% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.