Shares of TopBuild Corp. (NYSE:BLD – Get Free Report) have earned an average rating of “Hold” from the fifteen research firms that are 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 issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $466.7662.
Several research firms have weighed in on BLD. Wells Fargo & Company cut their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. DA Davidson reissued a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, 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.
Get Our Latest Research Report on TopBuild
TopBuild Stock Down 3.0%
TopBuild (NYSE:BLD – Get Free Report) last announced its earnings results 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. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm earned $4.63 earnings per share. TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts forecast that TopBuild will post 18.16 earnings per share for the current fiscal year.
Institutional Trading of TopBuild
Several hedge funds have recently made changes to their positions in the company. Capital Research Global Investors raised its stake in shares of TopBuild by 2.8% in the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after buying an additional 97,247 shares during the period. Capital International Investors raised its stake in shares of TopBuild by 71.1% in the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after buying an additional 630,857 shares during the period. Capital World Investors raised its stake in shares of TopBuild by 0.9% in the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after buying an additional 7,735 shares during the period. Bank of America Corp DE raised its stake in shares of TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares during the period. Finally, Boston Partners raised its stake in shares of TopBuild by 1.0% in the third quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after buying an additional 7,400 shares during the period. 95.67% of the stock is currently owned by institutional investors.
About TopBuild
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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