TopBuild (NYSE:BLD) Price Target Raised to $470.00 at Benchmark

TopBuild (NYSE:BLD) had its price target lifted by Benchmark from $450.00 to $470.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other analysts have also issued reports on BLD. StockNews.com upgraded TopBuild from a hold rating to a buy rating in a research note on Saturday, April 6th. Evercore ISI upped their target price on TopBuild from $469.00 to $527.00 and gave the stock an outperform rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group upped their target price on TopBuild from $419.00 to $429.00 and gave the stock a buy rating in a research note on Friday, March 1st. Bank of America upped their price objective on TopBuild from $410.00 to $475.00 and gave the stock a buy rating in a report on Thursday, March 14th. Finally, DA Davidson started coverage on TopBuild in a report on Tuesday, March 5th. They issued a buy rating and a $470.00 price objective for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild has an average rating of Moderate Buy and an average price target of $420.90.

TopBuild Stock Performance

BLD stock traded up $11.93 during midday trading on Wednesday, hitting $408.68. The company’s stock had a trading volume of 265,939 shares, compared to its average volume of 271,364. The stock’s 50-day moving average price is $414.16 and its 200 day moving average price is $363.89. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. TopBuild has a 1 year low of $199.31 and a 1 year high of $452.87. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $4.36 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that TopBuild will post 21.02 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Several institutional investors and hedge funds have recently bought and sold shares of BLD. Panagora Asset Management Inc. raised its position 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 worth $412,000 after acquiring an additional 26 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of TopBuild by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,655 shares of the construction company’s stock worth $729,000 after acquiring an additional 27 shares in the last quarter. Harbor Investment Advisory LLC raised its position 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 worth $171,000 after acquiring an additional 28 shares in the last quarter. TFG Advisers LLC raised its position in shares of TopBuild by 1.2% in the 1st quarter. TFG Advisers LLC now owns 2,830 shares of the construction company’s stock worth $1,247,000 after acquiring an additional 34 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position 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 worth $40,000 after acquiring an additional 43 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.