DA Davidson Issues Pessimistic Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its price objective decreased by analysts at DA Davidson from $485.00 to $465.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. DA Davidson’s price target points to a potential upside of 28.28% from the company’s current price.

Several other research firms have also recently weighed in on BLD. Jefferies Financial Group increased their price objective on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada lifted their price objective on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company decreased their target price on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $437.93.

TopBuild Trading Down 1.3%

Shares of BLD traded down $4.70 during mid-day trading on Wednesday, reaching $362.50. 26,321 shares of the company were exchanged, compared to its average volume of 329,358. The business has a 50 day simple moving average of $471.14 and a two-hundred day simple moving average of $441.47. TopBuild has a 52 week low of $266.26 and a 52 week high of $559.47. The stock has a market capitalization of $10.20 billion, a PE ratio of 19.81, a PEG ratio of 4.57 and a beta of 1.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94.

TopBuild (NYSE:BLD) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share 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 business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $5.13 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts predict that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new position in TopBuild during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in TopBuild in the third quarter valued at approximately $27,000. Parallel Advisors LLC grew its stake in TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after acquiring an additional 25 shares during the period. Global Retirement Partners LLC increased its holdings in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after acquiring an additional 59 shares in the last quarter. Finally, First Horizon Corp increased its holdings in shares of TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. 95.67% of the stock is owned by 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.