TopBuild (NYSE:BLD) Price Target Cut to $310.00 by Analysts at Truist Financial

TopBuild (NYSE:BLD) had its price target reduced by Truist Financial from $395.00 to $310.00 in a report issued on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the company. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $422.33.

TopBuild Price Performance

TopBuild stock opened at $304.01 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.97 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. TopBuild has a 12-month low of $295.19 and a 12-month high of $495.68. The firm has a 50-day moving average price of $326.08 and a 200-day moving average price of $360.50.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $4.69 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that TopBuild will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

A number of large investors have recently bought and sold shares of BLD. Capital Research Global Investors lifted its stake in shares of TopBuild by 1.4% during the 4th quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock worth $943,050,000 after purchasing an additional 41,047 shares during the period. FMR LLC grew its stake in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp raised its position in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after purchasing an additional 34,911 shares during the period. Pictet Asset Management Holding SA lifted its position in TopBuild by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock worth $271,331,000 after acquiring an additional 40,916 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after acquiring an additional 12,909 shares in 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.