Loop Capital Has Lowered Expectations for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its price target lowered by stock analysts at Loop Capital from $370.00 to $360.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Loop Capital’s price target suggests a potential upside of 21.74% from the company’s previous close.

Several other brokerages have also commented on BLD. Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.22.

TopBuild Stock Up 1.6 %

Shares of NYSE:BLD opened at $295.71 on Thursday. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The company has a 50 day moving average of $296.74 and a two-hundred day moving average of $326.76. TopBuild has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued 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 26.40% and a net margin of 11.66%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $4.81 earnings per share. TopBuild’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Winch Advisory Services LLC acquired a new position in TopBuild during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the third quarter valued at approximately $31,000. V Square Quantitative Management LLC increased its stake in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the period. Parallel Advisors LLC raised its holdings in TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in TopBuild in the first quarter worth approximately $50,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.