TopBuild Corp. (NYSE:BLD) Receives Consensus Recommendation of “Hold” from Analysts

TopBuild Corp. (NYSE:BLD) has received an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $464.9967.

Several research firms have recently issued reports on BLD. Wells Fargo & Company cut their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. DA Davidson restated a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Finally, Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a report on Wednesday, May 6th.

TopBuild Price Performance

BLD stock opened at $354.53 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $394.83 and its 200 day moving average price is $423.43. TopBuild has a 52 week low of $321.67 and a 52 week high of $559.47. The company has a market cap of $9.94 billion, a P/E ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the business posted $4.63 EPS. On average, research analysts expect that TopBuild will post 18.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently bought and sold shares of the stock. E. Ohman J or Asset Management AB grew its holdings in TopBuild by 5.1% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 51,382 shares of the construction company’s stock valued at $18,216,000 after buying an additional 2,484 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of TopBuild by 23.9% in the second quarter. Harbor Investment Advisory LLC now owns 710 shares of the construction company’s stock worth $252,000 after acquiring an additional 137 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of TopBuild in the first quarter worth $12,232,000. Argent Capital Management LLC lifted its position in shares of TopBuild by 13.2% in the first quarter. Argent Capital Management LLC now owns 13,073 shares of the construction company’s stock valued at $4,593,000 after acquiring an additional 1,521 shares in the last quarter. Finally, Strategic Investment Advisors MI purchased a new stake in shares of TopBuild in the first quarter valued at $105,000. Hedge funds and other 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.