TopBuild (NYSE:BLD) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other research firms also recently weighed in on BLD. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. DA Davidson dropped their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Truist Financial decreased their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Evercore ISI boosted their price objective on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Stock Down 0.8 %

Shares of BLD opened at $353.26 on Tuesday. The company has a market capitalization of $11.24 billion, a PE ratio of 17.81, a PEG ratio of 2.45 and a beta of 1.77. TopBuild has a 12 month low of $225.45 and a 12 month high of $495.68. The stock’s 50-day moving average price is $388.75 and its two-hundred day moving average price is $400.58. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.25 earnings per share. On average, analysts anticipate that TopBuild will post 21.08 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Several institutional investors have recently made changes to their positions in BLD. Wealth Enhancement Advisory Services LLC lifted its position in shares of TopBuild by 25.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock worth $843,000 after acquiring an additional 390 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild in the first quarter worth $31,000. State of Michigan Retirement System raised its position in shares of TopBuild by 1.3% in the first quarter. State of Michigan Retirement System now owns 7,757 shares of the construction company’s stock worth $3,419,000 after buying an additional 100 shares in the last quarter. Mezzasalma Advisors LLC purchased a new stake in shares of TopBuild in the first quarter worth $1,491,000. Finally, Van ECK Associates Corp raised its position in shares of TopBuild by 36.5% in the first quarter. Van ECK Associates Corp now owns 12,279 shares of the construction company’s stock worth $5,412,000 after buying an additional 3,284 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.