Deutsche Bank Aktiengesellschaft Begins Coverage on TopBuild (NYSE:BLD)

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild (NYSE:BLD) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating and a $356.00 price target on the construction company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 17.87% from the company’s current price.

A number of other analysts also recently weighed in on BLD. Loop Capital decreased their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. 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 TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Stock Down 1.0 %

Shares of NYSE BLD traded down $2.91 during trading on Tuesday, reaching $302.04. 5,767 shares of the stock were exchanged, compared to its average volume of 308,421. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The business’s 50-day moving average price is $319.09 and its 200 day moving average price is $348.67. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild has a twelve month low of $288.31 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $4.69 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new stake in shares of TopBuild during the fourth quarter valued at about $111,000. Amiral Gestion acquired a new stake in shares of TopBuild in the fourth quarter valued at $486,000. Toronto Dominion Bank boosted its stake in TopBuild by 62.8% during the fourth quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company’s stock valued at $1,069,000 after buying an additional 1,326 shares in the last quarter. GTS Securities LLC acquired a new position in TopBuild during the fourth quarter worth about $268,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in TopBuild in the fourth quarter worth about $16,623,000. 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.