TopBuild (NYSE:BLD) Price Target Lowered to $450.00 at DA Davidson

TopBuild (NYSE:BLD) had its target price lowered by DA Davidson from $460.00 to $450.00 in a research note issued to investors on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the construction company’s stock. DA Davidson also issued estimates for TopBuild’s Q4 2024 earnings at $5.14 EPS.

A number of other equities research analysts have also commented on the stock. Truist Financial reduced their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Stephens decreased their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Trading Down 1.0 %

Shares of TopBuild stock traded down $3.66 on Thursday, hitting $368.89. The stock had a trading volume of 191,554 shares, compared to its average volume of 288,180. The stock has a 50 day moving average of $385.15 and a 200 day moving average of $399.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. TopBuild has a twelve month low of $262.64 and a twelve month high of $495.68. The firm has a market capitalization of $11.13 billion, a P/E ratio of 18.90, a PEG ratio of 2.27 and a beta of 1.79.

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 the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.43 earnings per share. Sell-side analysts expect that TopBuild will post 21.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in shares of TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after buying an additional 23 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of TopBuild by 3.2% in the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after purchasing an additional 27 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after purchasing an additional 30 shares in the last quarter. Fifth Third Bancorp boosted its holdings in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after purchasing an additional 31 shares during the last quarter. 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.