Stephens Reiterates Equal Weight Rating for TopBuild (NYSE:BLD)

TopBuild (NYSE:BLD)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $425.00 price objective on the construction company’s stock. Stephens’ target price indicates a potential upside of 9.46% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group increased their price target on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Bank of America raised their target price on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Truist Financial downgraded shares of TopBuild from a “buy” rating to a “hold” rating and increased their price objective for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. Evercore ISI boosted their price objective on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Finally, DA Davidson initiated coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price for the company. Two investment 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, the company has an average rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Stock Performance

BLD stock opened at $388.27 on Tuesday. TopBuild has a twelve month low of $199.31 and a twelve month high of $452.87. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $12.35 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.66. The business’s fifty day moving average is $412.61 and its 200-day moving average is $352.11.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $4.40 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that TopBuild will post 21.02 EPS for the current year.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in shares of TopBuild during the 4th quarter worth approximately $28,000. Principal Securities Inc. bought a new position in shares of TopBuild in the fourth quarter valued at $28,000. BluePath Capital Management LLC acquired a new position in TopBuild during the third quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new stake in TopBuild during the first quarter worth $31,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in TopBuild during the fourth quarter worth $36,000. Institutional investors own 95.67% of the company’s stock.

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.