TopBuild (NYSE:BLD) Price Target Raised to $470.00 at Benchmark

TopBuild (NYSE:BLD) had its target price upped by Benchmark from $450.00 to $470.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

BLD has been the topic of a number of other research reports. Evercore ISI boosted their target price on TopBuild from $469.00 to $527.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group lifted their target price on TopBuild from $419.00 to $429.00 and gave the company a buy rating in a research report on Friday, March 1st. StockNews.com upgraded shares of TopBuild from a hold rating to a buy rating in a research note on Saturday, April 6th. Bank of America boosted their price target on shares of TopBuild from $410.00 to $475.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Finally, Stephens reiterated an equal weight rating and set a $425.00 price target on shares of TopBuild in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $420.90.

TopBuild Stock Performance

BLD traded up $11.93 on Wednesday, reaching $408.68. The stock had a trading volume of 265,939 shares, compared to its average volume of 271,364. TopBuild has a 12-month low of $199.31 and a 12-month 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. The business’s 50-day moving average price is $414.16 and its two-hundred day moving average price is $363.89. The company has a market cap of $13.00 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.25. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $4.36 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that TopBuild will post 21.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BLD. Norges Bank purchased a new stake in TopBuild during the 4th quarter worth about $154,983,000. William Blair Investment Management LLC purchased a new stake in TopBuild during the 3rd quarter worth about $95,147,000. Axiom Investors LLC DE purchased a new stake in TopBuild during the 4th quarter worth about $87,451,000. Capital International Investors increased its position in TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after purchasing an additional 198,614 shares in the last quarter. Finally, FMR LLC increased its position in TopBuild by 13.8% during the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock worth $276,941,000 after purchasing an additional 133,835 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

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.