TopBuild Corp. (NYSE:BLD) Receives Average Rating of “Hold” from Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $464.9967.

BLD has been the subject of several analyst reports. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. UBS Group set a $440.00 target price on TopBuild in a report on Wednesday, May 6th. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a research report on Wednesday, May 6th. DA Davidson restated a “neutral” rating and issued a $437.00 price target (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in shares of TopBuild during the fourth quarter worth about $26,000. Advisory Services Network LLC purchased a new position in TopBuild in the third quarter valued at about $27,000. Parallel Advisors LLC grew its stake in TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares in the last quarter. Global Retirement Partners LLC grew its stake in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Finally, First Horizon Corp increased its holdings in TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

TopBuild stock opened at $354.53 on Monday. TopBuild has a 52-week low of $321.67 and a 52-week high of $559.47. The firm has a fifty day moving average of $394.83 and a 200-day moving average of $423.46. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business posted $4.63 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, analysts predict that TopBuild will post 18.07 EPS for the current year.

TopBuild Company Profile

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.