Nomura Raises TopBuild Corp. (NYSE:BLD) Price Target to $61.00

TopBuild Corp. (NYSE:BLD) had its price target boosted by equities research analysts at Nomura from $58.00 to $61.00 in a research report issued to clients and investors on Wednesday, November 8th. The firm presently has a “neutral” rating on the construction company’s stock. Nomura’s target price indicates a potential downside of 6.90% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $75.00 target price on shares of TopBuild in a report on Wednesday, October 4th. Finally, BidaskClub cut shares of TopBuild from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $60.67.

Shares of TopBuild (NYSE BLD) traded down $0.32 during midday trading on Wednesday, hitting $65.52. 195,195 shares of the company traded hands, compared to its average volume of 249,200. TopBuild has a one year low of $35.31 and a one year high of $67.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. The stock has a market capitalization of $2,342.52, a PE ratio of 25.82 and a beta of 0.62.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. TopBuild’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. equities analysts anticipate that TopBuild will post 2.74 EPS for the current year.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of TopBuild by 16.4% during the second quarter. Wells Fargo & Company MN now owns 41,691 shares of the construction company’s stock worth $2,212,000 after acquiring an additional 5,876 shares during the last quarter. Fiera Capital Corp bought a new position in TopBuild during the second quarter valued at $12,805,000. Chicago Equity Partners LLC bought a new position in TopBuild during the second quarter valued at $2,599,000. Vanguard Group Inc. lifted its position in TopBuild by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after purchasing an additional 139,066 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in TopBuild by 243.0% during the first quarter. Bank of America Corp DE now owns 223,578 shares of the construction company’s stock valued at $10,508,000 after purchasing an additional 158,394 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

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About TopBuild

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Analyst Recommendations for TopBuild (NYSE:BLD)

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