TopBuild (NYSE: BLD – Get Rating) The price target was raised by Trust Financial from $225.00 to $242.00 in a research note issued to investors on Wednesday, The Fly reports.
Several other equity research analysts have recently focused on BLD. JPMorgan Chase & Co lowered its price target for TopBuild shares from $209.00 to $190.00 in a research report on Friday, July 15th. Credit Suisse Group commenced coverage of shares of TopBuild Inc in a research report on Tuesday, April 5th. They set a superior rating and a price target of $235.00 for the company. Five analysts have rated the stock with a hold rating and five analysts have issued a buy rating to the stock. According to MarketBeat, the company currently has an average average buy rating and an average target price of $262.38.
TopBuild trading down 5.1%
TopBuild shares opened at $196.63 on Wednesday. The company has a 50-day moving average of $184.27 and a 200-day moving average of $197.00. The stock has a market capitalization of $6.45 billion, a PE ratio of 14.98 and a beta of 1.54. TopBuild has a 52-week low at $150.71 and a 52-week high at $284.07. The company’s debt-to-equity ratio is 0.83, a quick ratio of 1.15 and a current ratio of 1.69.
TopBuild (NYSE: BLD – Get Rating) last announced its earnings results on Tuesday, August 2. The construction company reported earnings of $4.43 per share (EPS) for the quarter, beating analyst estimates of $3.72 by $0.71. TopBuild’s net profit margin was 9.93% and return on equity was 27.78%. The company’s revenue was $1.27 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company reported earnings of $2.76 per share. TopBuild’s quarterly revenue increased 52.7% year over year. As a group, sell-side analysts expect TopBuild to report 15.13 earnings per share for the current year.
Institutional inflows and outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank NA MO acquired a new position in TopBuild stock in the last quarter worth approximately $31,000. National Bank of Canada FI acquired a new position in TopBuild stock in the last quarter valued at approximately $34,000. Covestor Ltd acquired a new position in shares of TopBuild in the 4th quarter valued at approximately $36,000. First Horizon Advisors Inc. Its stake in TopBuild increased by 54.8% in the fourth quarter. First Horizon Advisors Inc. Now 178 shares of the construction company’s stock are valued at $48,000 after purchasing an additional 63 shares during this period. Finally, Venture Visionary Partners LLC acquired a new position in TopBuild stock in the second quarter worth approximately $30,000. Institutional investors and hedge funds own 96.91% of the company’s stock.
TopBuild Corp. and its subsidiaries are involved in the installation and distribution of insulation materials and other building products to the construction industry. The company operates in two divisions, installation and specialty distribution. Provides insulation products and accessories, glass and windows, rain gutters, post-coating products, fire-retardant products, garage doors, fireplaces, cabinet racks, roofing materials, and other products; Insulation installation services.
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