TopBuild (NYSE:BLD) Price Target Lowered to $410.00 at The Goldman Sachs Group

TopBuild (NYSE:BLD) had its target price cut by The Goldman Sachs Group from $475.00 to $410.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other brokerages have also commented on BLD. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $443.00 to $381.00 in a report on Monday, December 16th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Stock Up 5.5 %

NYSE BLD opened at $332.47 on Tuesday. TopBuild has a 1 year low of $302.70 and a 1 year high of $495.68. The stock has a market capitalization of $9.81 billion, a PE ratio of 16.77, a PEG ratio of 2.31 and a beta of 1.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business’s 50-day moving average is $348.26 and its 200 day moving average is $380.15.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $5.43 EPS. Sell-side analysts forecast that TopBuild will post 20.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Winch Advisory Services LLC bought a new position in shares of TopBuild during the fourth quarter valued at $26,000. Argent Capital Management LLC increased its stake in TopBuild by 9.7% during the 4th quarter. Argent Capital Management LLC now owns 13,076 shares of the construction company’s stock valued at $4,071,000 after purchasing an additional 1,161 shares in the last quarter. Burney Co. purchased a new position in TopBuild in the fourth quarter worth about $249,000. Park Avenue Securities LLC raised its holdings in TopBuild by 22.8% in the fourth quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company’s stock worth $333,000 after buying an additional 199 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of TopBuild by 203.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company’s stock worth $5,460,000 after buying an additional 11,760 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.