Stephens Reiterates “Equal Weight” Rating for TopBuild (NYSE:BLD)

TopBuild (NYSE:BLD)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They currently have a $425.00 target price on the construction company’s stock. Stephens’ price target points to a potential upside of 8.15% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. DA Davidson started coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective for the company. Benchmark raised their price target on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Truist Financial lowered shares of TopBuild from a “buy” rating to a “hold” rating and raised their price objective for the company from $290.00 to $410.00 in a research note on Thursday, January 4th. Finally, Evercore ISI raised their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Stock Performance

Shares of TopBuild stock traded up $8.31 during trading on Tuesday, hitting $392.97. 159,353 shares of the stock were exchanged, compared to its average volume of 254,347. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.09 and a beta of 1.66. The company has a fifty day moving average price of $412.40 and a 200-day moving average price of $351.05. TopBuild has a 1-year low of $199.31 and a 1-year high of $452.87. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54.

TopBuild (NYSE:BLD) last announced its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $4.40 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that TopBuild will post 21.01 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of institutional investors and hedge funds have recently made changes to their positions in BLD. Allspring Global Investments Holdings LLC purchased a new position in TopBuild during the first quarter valued at approximately $31,000. Contravisory Investment Management Inc. bought a new stake in TopBuild in the fourth quarter worth $28,000. Principal Securities Inc. bought a new stake in TopBuild in the fourth quarter worth $28,000. Rise Advisors LLC bought a new stake in TopBuild in the first quarter worth $37,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in TopBuild in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.