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

TopBuild Corp. (NYSE:BLD) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $466.7662.

Several analysts have issued reports on the stock. Benchmark cut their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, UBS Group set a $440.00 target price on shares of TopBuild in a report on Wednesday, May 6th.

TopBuild Stock Performance

NYSE BLD opened at $411.07 on Thursday. The company has a 50-day simple moving average of $415.92 and a two-hundred day simple moving average of $432.53. 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 has a 12-month low of $293.14 and a 12-month high of $559.47. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 5.61 and a beta of 1.80.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $4.63 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. On average, equities analysts forecast that TopBuild will post 18.16 EPS for the current year.

Institutional Trading of TopBuild

A number of institutional investors have recently modified their holdings of the company. Greenleaf Trust boosted its holdings in shares of TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock worth $506,000 after purchasing an additional 22 shares during the period. Root Financial Partners LLC boosted its holdings in shares of TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock worth $45,000 after purchasing an additional 22 shares during the period. UMB Bank n.a. boosted its holdings in shares of TopBuild by 6.1% during the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock worth $160,000 after purchasing an additional 22 shares during the period. Bessemer Group Inc. boosted its holdings in shares of TopBuild by 7.9% during the first quarter. Bessemer Group Inc. now owns 328 shares of the construction company’s stock worth $115,000 after purchasing an additional 24 shares during the period. Finally, Kera Capital Partners Inc. boosted its holdings in shares of TopBuild by 3.3% during the first quarter. Kera Capital Partners Inc. now owns 789 shares of the construction company’s stock worth $277,000 after purchasing an additional 25 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.