TopBuild (NYSE:BLD) Price Target Cut to $375.00 by Analysts at Benchmark

TopBuild (NYSE:BLD) had its price objective reduced by Benchmark from $445.00 to $375.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Benchmark’s price target would suggest a potential upside of 21.16% from the stock’s current price.

A number of other research analysts have also recently commented on BLD. Loop Capital dropped their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.78.

TopBuild Stock Performance

TopBuild stock opened at $309.50 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.13 billion, a PE ratio of 15.59, a P/E/G 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 business’s 50-day moving average price is $326.00 and its two-hundred day moving average price is $359.83.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $4.69 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts expect that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in shares of TopBuild by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after purchasing an additional 32 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in TopBuild by 0.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after acquiring an additional 33 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock worth $429,000 after acquiring an additional 33 shares in the last quarter. Atlanta Consulting Group Advisors LLC grew its stake in TopBuild by 1.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock valued at $1,098,000 after acquiring an additional 39 shares during the period. Finally, Pathstone Holdings LLC increased its holdings in shares of TopBuild by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock valued at $1,712,000 after acquiring an additional 41 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Company Profile

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.