TopBuild (NYSE:BLD) was upgraded by equities research analysts at Nomura from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat.com reports. The brokerage presently has a $78.00 price target on the construction company’s stock, up from their previous price target of $69.00. Nomura’s price objective would indicate a potential upside of 4.98% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. SunTrust Banks reissued a “buy” rating and set a $75.00 price target on shares of TopBuild in a research report on Wednesday, October 4th. BidaskClub downgraded shares of TopBuild from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Jefferies Group started coverage on shares of TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price target for the company. Finally, KeyCorp reissued an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.71.
Shares of TopBuild (NYSE BLD) traded up $5.56 on Monday, hitting $74.30. 783,219 shares of the company traded hands, compared to its average volume of 255,271. The company has a market capitalization of $2,640.00 and a P/E ratio of 26.94. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. TopBuild has a 12 month low of $35.31 and a 12 month high of $74.72.
A number of large investors have recently bought and sold shares of the business. FMR LLC grew its position in TopBuild by 7.2% in the 2nd quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock worth $152,272,000 after purchasing an additional 193,582 shares during the period. Dimensional Fund Advisors LP grew its position in TopBuild by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,410,107 shares of the construction company’s stock worth $157,065,000 after purchasing an additional 49,481 shares during the period. State Street Corp grew its position in TopBuild by 10.2% in the 2nd quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock worth $59,890,000 after purchasing an additional 104,562 shares during the period. Goldman Sachs Group Inc. grew its position in TopBuild by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock worth $58,863,000 after purchasing an additional 122,281 shares during the period. Finally, Bank of New York Mellon Corp grew its position in TopBuild by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 552,248 shares of the construction company’s stock worth $29,307,000 after purchasing an additional 5,550 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.
About TopBuild
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
