The Goldman Sachs Group Lowers TopBuild (NYSE:BLD) Price Target to $410.00

TopBuild (NYSE:BLD) had its target price cut by The Goldman Sachs Group from $475.00 to $410.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 19.15% from the company’s previous close.

Several other research firms also recently commented on BLD. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Price Performance

Shares of NYSE:BLD opened at $344.10 on Tuesday. TopBuild has a 12 month low of $302.70 and a 12 month high of $495.68. The firm has a market capitalization of $10.15 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.31 and a beta of 1.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company’s fifty day moving average price is $347.35 and its 200 day moving average price is $379.78.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.43 earnings per share. As a group, sell-side analysts predict that TopBuild will post 20.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently made changes to their positions in BLD. Wilmington Savings Fund Society FSB acquired a new position in TopBuild during the third quarter worth about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of TopBuild in the 2nd quarter worth approximately $30,000. Winch Advisory Services LLC purchased a new position in TopBuild in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in 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 purchasing an additional 72 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in TopBuild during the third quarter worth $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.