Brokerages Set TopBuild Corp. (NYSE:BLD) Price Target at $443.78

TopBuild Corp. (NYSE:BLD) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $443.7829.

Several equities research analysts recently issued reports on BLD shares. Jefferies Financial Group lifted their price objective on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Wells Fargo & Company reduced their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada lifted their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Finally, Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLD. Core Wealth Advisors LLC bought a new position in TopBuild in the 4th quarter worth $26,000. Advisory Services Network LLC bought a new position in shares of TopBuild during the 3rd quarter worth about $27,000. Parallel Advisors LLC increased its holdings in shares of TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares during the period. Global Retirement Partners LLC increased its holdings in shares of TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of TopBuild during the 3rd quarter worth about $34,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 1.1%

NYSE BLD opened at $360.94 on Friday. TopBuild has a twelve month low of $266.26 and a twelve month high of $559.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 4.48 and a beta of 1.78. The firm’s 50 day moving average price is $435.72 and its two-hundred day moving average price is $434.68.

TopBuild (NYSE:BLD) last issued its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business posted $5.13 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts anticipate that TopBuild will post 20.97 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.