TopBuild Corp. (NYSE:BLD) Receives $466.77 Average PT from Brokerages

TopBuild Corp. (NYSE:BLD – Get Free Report) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $466.7662.

Several equities research analysts have issued reports on BLD shares. Benchmark lowered their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. UBS Group set a $440.00 price objective on shares of TopBuild in a research report on Wednesday, May 6th. Finally, Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a research report on Wednesday, May 6th.

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Institutional Investors Weigh In On TopBuild

Several hedge funds have recently modified their holdings of the business. Capital Research Global Investors lifted its position in shares of TopBuild by 2.8% in the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after purchasing an additional 97,247 shares during the period. Capital International Investors lifted its position in shares of TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the period. Capital World Investors lifted its position in shares of TopBuild by 0.9% in the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares during the period. Bank of America Corp DE lifted its position in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares during the period. Finally, Boston Partners lifted its position in shares of TopBuild by 1.0% in the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after purchasing an additional 7,400 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

TopBuild stock opened at $418.12 on Friday. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 4.86 and a beta of 1.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild has a 1 year low of $273.87 and a 1 year high of $559.47. The firm has a 50-day moving average of $401.42 and a two-hundred day moving average of $434.44.

TopBuild (NYSE:BLD – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.63 EPS. On average, research analysts forecast that TopBuild will post 18.15 earnings per share for the current year.

TopBuild Company Profile

(Get Free Report)

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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