TopBuild’s (BLD) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of TopBuild (NYSE:BLD) in a report published on Tuesday morning,Benzinga reports. They currently have a $496.00 price target on the construction company’s stock, up from their previous price target of $487.00.

Several other analysts have also issued reports on BLD. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Benchmark decreased their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Royal Bank Of Canada upped their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Wells Fargo & Company decreased their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $447.21.

TopBuild Stock Performance

NYSE BLD opened at $466.06 on Tuesday. The company’s 50 day moving average is $413.09 and its 200-day moving average is $435.72. TopBuild has a 12-month low of $273.87 and a 12-month high of $559.47. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The firm has a market cap of $13.12 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 5.69 and a beta of 1.78.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $5.13 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts predict that TopBuild will post 18.12 earnings per share for the current year.

Institutional Trading of TopBuild

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

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.