TopBuild Corp. (NYSE:BLD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TopBuild Corp. (NYSE:BLD) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $439.38.

Several equities research analysts have weighed in on the company. Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. DA Davidson cut their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

TopBuild Trading Up 1.1 %

TopBuild stock opened at $319.00 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a 1 year low of $302.70 and a 1 year high of $495.68. The firm’s 50-day moving average is $350.69 and its 200-day moving average is $381.59. The company has a market cap of $9.41 billion, a P/E ratio of 16.09, a PEG ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.43 earnings per share. On average, equities analysts expect that TopBuild will post 20.95 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Institutional investors have recently added to or reduced their stakes in the company. TFG Advisers LLC increased its position in shares of TopBuild by 1.1% during the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after purchasing an additional 31 shares during the period. CIBC Asset Management Inc grew its holdings in TopBuild by 3.6% during the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after acquiring an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC raised its position in TopBuild by 0.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after acquiring an additional 33 shares in the last quarter. CWM LLC lifted its holdings in TopBuild by 10.3% in the 3rd quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after acquiring an additional 36 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of TopBuild by 0.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 6,170 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 37 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.