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

TopBuild (NYSE:BLD) had its price target lowered by equities researchers at The Goldman Sachs Group from $475.00 to $410.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 28.89% from the company’s previous close.

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

TopBuild Trading Up 0.9 %

BLD stock opened at $318.10 on Tuesday. The business has a fifty day moving average price of $348.26 and a 200 day moving average price of $380.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share 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 analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $5.43 earnings per share. Analysts expect that TopBuild will post 20.95 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in TopBuild by 21.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company’s stock worth $926,000 after purchasing an additional 430 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the second quarter valued at approximately $30,000. Federated Hermes Inc. boosted its holdings in shares of TopBuild by 2.7% in the 2nd quarter. Federated Hermes Inc. now owns 8,655 shares of the construction company’s stock valued at $3,335,000 after buying an additional 227 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in TopBuild during the second quarter worth $452,000. Finally, Edgestream Partners L.P. increased its stake in shares of TopBuild by 274.0% during the 2nd quarter. Edgestream Partners L.P. now owns 7,614 shares of the construction company’s stock worth $2,933,000 after purchasing an additional 5,578 shares during the last quarter. Institutional investors and hedge funds 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.