Benchmark Lowers TopBuild (NYSE:BLD) Price Target to $375.00

TopBuild (NYSE:BLD) had its price objective reduced by Benchmark from $445.00 to $375.00 in a report published on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Truist Financial reduced their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $411.78.

TopBuild Trading Up 3.4 %

Shares of TopBuild stock opened at $305.23 on Monday. The company’s fifty day simple moving average is $325.36 and its 200-day simple moving average is $358.71. The stock has a market capitalization of $8.92 billion, a PE ratio of 15.40, a P/E/G ratio of 1.82 and a beta of 1.85. TopBuild has a 1-year low of $288.31 and a 1-year high of $495.68. 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 (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating 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 company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $4.69 EPS. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that TopBuild will post 20.97 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Hedge funds have recently modified their holdings of the business. Winch Advisory Services LLC purchased a new stake in shares of TopBuild in the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in shares of TopBuild in the 3rd quarter worth approximately $45,000. Hedge funds and other 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.