TopBuild (NYSE:BLD) Price Target Raised to $256.00 at BTIG Research


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TopBuild (NYSE:BLD) had its price objective upped by stock analysts at BTIG Research from $236.00 to $256.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “buy” rating on the construction company’s stock. BTIG Research’s target price would suggest a potential upside of 22.33% from the company’s current price.

Other analysts have also issued research reports about the stock. KeyCorp lifted their price objective on shares of TopBuild from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TopBuild from $183.00 to $206.00 and gave the company a “buy” rating in a research note on Tuesday, December 15th. Truist increased their price objective on shares of TopBuild from $184.00 to $232.00 in a research report on Wednesday, February 24th. JPMorgan Chase & Co. boosted their target price on TopBuild from $210.00 to $215.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a research note on Tuesday, January 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $171.73.

Shares of NYSE:BLD opened at $209.27 on Thursday. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 31.47 and a beta of 1.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.62. The business’s 50-day moving average is $203.59 and its 200-day moving average is $188.89. TopBuild has a 1 year low of $68.66 and a 1 year high of $224.89.

TopBuild (NYSE:BLD) last released its earnings results on Monday, February 22nd. The construction company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.90 by $0.25. TopBuild had a return on equity of 18.32% and a net margin of 8.36%. The business had revenue of $721.49 million during the quarter, compared to analysts’ expectations of $714.26 million. During the same quarter last year, the firm posted $1.48 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Analysts anticipate that TopBuild will post 6.97 EPS for the current year.

In related news, insider Steven P. Raia sold 180 shares of the firm’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $201.53, for a total transaction of $36,275.40. Following the transaction, the insider now directly owns 3,651 shares of the company’s stock, valued at $735,786.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John S. Peterson sold 9,547 shares of the business’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $200.00, for a total transaction of $1,909,400.00. 1.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $68,665,000. Hsbc Holdings PLC grew its stake in TopBuild by 461.1% in the 4th quarter. Hsbc Holdings PLC now owns 7,581 shares of the construction company’s stock valued at $1,414,000 after purchasing an additional 6,230 shares during the period. Virtu Financial LLC purchased a new stake in shares of TopBuild during the 4th quarter valued at $360,000. Verition Fund Management LLC bought a new stake in shares of TopBuild during the 4th quarter worth $327,000. Finally, Truist Financial Corp raised its stake in shares of TopBuild by 39.5% during the 4th quarter. Truist Financial Corp now owns 8,257 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 2,337 shares during the period. Hedge funds and other institutional investors own 94.64% of the company’s stock.

TopBuild Company Profile

TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services.

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