Evercore ISI Cuts TopBuild (NYSE:BLD) Price Target to $448.00

TopBuild (NYSE:BLD) had its target price cut by Evercore ISI from $449.00 to $448.00 in a research report report published on Wednesday morning, MarketBeat reports. They currently have an in-line rating on the construction company’s stock.

A number of other research firms have also recently commented on BLD. Vertical Research initiated coverage on TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target for the company. UBS Group set a $370.00 price objective on TopBuild and gave the company a “hold” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Benchmark raised their price target on TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $425.83.

TopBuild Price Performance

Shares of NYSE BLD opened at $422.23 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.29. The business has a 50-day moving average of $419.85 and a 200-day moving average of $369.12. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 4.33 and a beta of 1.64. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $461.49.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $5.68 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that TopBuild will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the transaction, the chief financial officer owned 14,283 shares in the company, valued at $6,248,384.01. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TopBuild

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in TopBuild by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 236,600 shares of the construction company’s stock valued at $72,151,000 after purchasing an additional 5,265 shares in the last quarter. Greenleaf Trust boosted its stake in shares of TopBuild by 20.7% during the first quarter. Greenleaf Trust now owns 1,682 shares of the construction company’s stock valued at $513,000 after purchasing an additional 288 shares in the last quarter. Banque Pictet & Cie SA bought a new stake in TopBuild during the 1st quarter worth approximately $1,073,000. Cerity Partners LLC increased its holdings in TopBuild by 41.4% in the first quarter. Cerity Partners LLC now owns 1,652 shares of the construction company’s stock valued at $504,000 after purchasing an additional 484 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of TopBuild by 1.4% in the first quarter. State of Michigan Retirement System now owns 7,057 shares of the construction company’s stock valued at $2,152,000 after buying an additional 100 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.