Evercore ISI Cuts TopBuild (NYSE:BLD) Price Target to $443.00

TopBuild (NYSE:BLD) had its price objective trimmed by Evercore ISI from $491.00 to $443.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

BLD has been the subject of several other reports. DA Davidson reduced their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group dropped their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Truist Financial decreased their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Price Performance

BLD stock opened at $368.59 on Wednesday. TopBuild has a one year low of $262.64 and a one year high of $495.68. The firm has a 50-day moving average of $384.66 and a two-hundred day moving average of $399.20. The firm has a market capitalization of $11.12 billion, a PE ratio of 18.96, a P/E/G ratio of 2.27 and a beta of 1.79. 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 posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $5.43 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that TopBuild will post 21.03 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild during the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new stake in TopBuild during the first quarter valued at about $31,000. Kennebec Savings Bank bought a new stake in TopBuild during the third quarter valued at about $45,000. UMB Bank n.a. grew its position in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of TopBuild in the first quarter worth about $56,000. Institutional investors and hedge funds 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.