TopBuild (NYSE:BLD) Price Target Cut to $475.00 by Analysts at Wells Fargo & Company

TopBuild (NYSE:BLD) had its target price lowered by Wells Fargo & Company from $525.00 to $475.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

A number of other equities analysts have also commented on the stock. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Royal Bank Of Canada increased their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday. Finally, DA Davidson reduced their target price on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $440.21.

TopBuild Price Performance

Shares of NYSE:BLD opened at $382.53 on Wednesday. The company’s fifty day moving average price is $431.11 and its 200-day moving average price is $433.87. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 4.48 and a beta of 1.78. TopBuild has a one year low of $266.26 and a one year high of $559.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.13 EPS. On average, equities research analysts anticipate that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its position in TopBuild by 464.5% during the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock valued at $324,434,000 after acquiring an additional 639,915 shares during the period. Capital International Investors lifted its position in TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after acquiring an additional 630,857 shares during the period. Orion Porfolio Solutions LLC lifted its position in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the period. Norges Bank purchased a new position in TopBuild during the 4th quarter valued at about $104,947,000. Finally, Artisan Partners Limited Partnership purchased a new position in TopBuild during the 4th quarter valued at about $101,450,000. 95.67% of the stock is owned by hedge funds and other 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.