TopBuild (NYSE:BLD) Given New $310.00 Price Target at Truist Financial

TopBuild (NYSE:BLD) had its target price reduced by Truist Financial from $395.00 to $310.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective suggests a potential upside of 1.16% from the company’s current price.

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

TopBuild Price Performance

Shares of NYSE BLD opened at $306.44 on Thursday. The stock’s 50-day moving average is $326.00 and its two-hundred day moving average is $360.03. 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 1-year low of $295.19 and a 1-year high of $495.68. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $4.69 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Analysts forecast that TopBuild will post 20.97 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently modified their holdings of the business. Winch Advisory Services LLC purchased a new position in TopBuild during the 4th quarter worth $26,000. Versant Capital Management Inc boosted its stake in shares of TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild during the third quarter worth about $31,000. V Square Quantitative Management LLC grew its holdings in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in TopBuild in the 3rd quarter valued at about $45,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.