Stephens Reiterates “Equal Weight” Rating for TopBuild (NYSE:BLD)

TopBuild (NYSE:BLD)‘s stock had its “equal weight” rating reissued by Stephens in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $425.00 price target on the construction company’s stock. Stephens’ price objective would suggest a potential upside of 8.15% from the company’s previous close.

A number of other research analysts also recently commented on BLD. DA Davidson started coverage on TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. The Goldman Sachs Group boosted their price target on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Truist Financial cut TopBuild from a “buy” rating to a “hold” rating and boosted their price target for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. Loop Capital raised TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Benchmark boosted their price objective on TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Price Performance

Shares of BLD traded up $8.31 during midday trading on Tuesday, reaching $392.97. The stock had a trading volume of 159,353 shares, compared to its average volume of 254,347. TopBuild has a 52 week low of $199.31 and a 52 week high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm’s 50 day moving average price is $412.40 and its 200-day moving average price is $351.05. The company has a market capitalization of $12.50 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last announced its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. TopBuild’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.40 earnings per share. On average, analysts forecast that TopBuild will post 21.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently modified their holdings of the stock. Panagora Asset Management Inc. grew its stake in shares of TopBuild by 2.4% in the 4th quarter. Panagora Asset Management Inc. now owns 1,102 shares of the construction company’s stock valued at $412,000 after purchasing an additional 26 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of TopBuild by 6.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company’s stock valued at $171,000 after purchasing an additional 28 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of TopBuild by 37.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock valued at $40,000 after purchasing an additional 43 shares during the period. Greenleaf Trust grew its stake in shares of TopBuild by 4.1% in the 4th quarter. Greenleaf Trust now owns 1,133 shares of the construction company’s stock valued at $424,000 after purchasing an additional 45 shares during the period. Finally, Xponance Inc. grew its position in TopBuild by 1.2% during the 4th quarter. Xponance Inc. now owns 4,027 shares of the construction company’s stock worth $1,507,000 after acquiring an additional 46 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

About TopBuild

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.