TopBuild Corp (BLD) Receives Average Rating of “Buy” from Analysts

TopBuild Corp (NYSE:BLD) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $70.00.

BLD has been the topic of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Nomura raised TopBuild from a “neutral” rating to a “buy” rating and upped their target price for the company from $69.00 to $78.00 in a research report on Monday, December 18th. Zacks Investment Research lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group initiated coverage on TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price on the stock.

Shares of TopBuild (BLD) traded up $1.81 during midday trading on Friday, hitting $70.49. The company had a trading volume of 275,640 shares, compared to its average volume of 239,599. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2,570.00 and a PE ratio of 34.72. TopBuild has a 1 year low of $37.50 and a 1 year high of $78.64.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. During the same period in the prior year, the company posted $0.63 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. analysts predict that TopBuild will post 2.75 EPS for the current year.

A number of large investors have recently made changes to their positions in BLD. Flinton Capital Management LLC increased its holdings in shares of TopBuild by 66.2% in the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after purchasing an additional 752 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TopBuild by 53.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock valued at $155,000 after purchasing an additional 719 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of TopBuild by 99.6% in the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock valued at $176,000 after purchasing an additional 1,152 shares during the period. Everence Capital Management Inc. acquired a new position in shares of TopBuild in the fourth quarter valued at about $205,000. Finally, Kovack Advisors Inc. acquired a new position in shares of TopBuild in the fourth quarter valued at about $223,000. 94.75% of the stock is currently owned by institutional investors.

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TopBuild Company Profile

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.

Analyst Recommendations for TopBuild (NYSE:BLD)

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