TopBuild Corp. (NYSE:BLD) Given Average Recommendation of “Hold” by Analysts

TopBuild Corp. (NYSE:BLD) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Nine investment 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 1 year target price among brokers that have issued a report on the stock in the last year is $464.9967.

BLD has been the topic of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Wells Fargo & Company lowered 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. Evercore set a $360.00 price target on shares of TopBuild in a report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Finally, DA Davidson restated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLD. AQR Capital Management LLC boosted its holdings in TopBuild by 48.2% in the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after purchasing an additional 837 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of TopBuild by 106.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock valued at $77,000 after buying an additional 123 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of TopBuild by 8.1% in the 2nd quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock valued at $21,961,000 after acquiring an additional 5,093 shares during the last quarter. Marshall Wace LLP purchased a new position in TopBuild in the second quarter worth about $489,000. Finally, Federated Hermes Inc. increased its stake in TopBuild by 10.7% during the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after acquiring an additional 654 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of TopBuild stock opened at $354.53 on Monday. The firm has a market cap of $9.94 billion, a PE ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild has a 1 year low of $321.67 and a 1 year high of $559.47. The stock has a fifty day moving average price of $402.73 and a 200-day moving average price of $426.04.

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

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.