TopBuild (NYSE:BLD) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of TopBuild (NYSE:BLDGet Rating) in a report released on Thursday. The brokerage set a “buy” rating on the construction company’s stock.

A number of other analysts have also recently issued reports on BLD. KeyCorp raised their price objective on TopBuild from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft upgraded TopBuild from a “hold” rating to a “buy” rating and increased their target price for the stock from $201.00 to $227.00 in a research note on Tuesday, January 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

TopBuild Stock Performance

BLD opened at $188.43 on Thursday. TopBuild has a 12-month low of $140.66 and a 12-month high of $232.92. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 10.98 and a beta of 1.48. The business has a 50 day moving average of $193.85 and a 200-day moving average of $173.75. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.74.

TopBuild (NYSE:BLDGet Rating) last released its quarterly earnings data on Thursday, February 23rd. The construction company reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.38. TopBuild had a return on equity of 30.81% and a net margin of 11.10%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the firm posted $3.12 earnings per share. The business’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts expect that TopBuild will post 15.59 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

Large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in TopBuild by 8.9% during the 2nd quarter. Rhumbline Advisers now owns 90,820 shares of the construction company’s stock worth $15,181,000 after acquiring an additional 7,401 shares during the period. ValueAct Holdings L.P. increased its stake in TopBuild by 462.1% during the 2nd quarter. ValueAct Holdings L.P. now owns 1,204,908 shares of the construction company’s stock worth $201,412,000 after acquiring an additional 990,537 shares during the period. Creative Planning increased its stake in TopBuild by 6.0% during the 3rd quarter. Creative Planning now owns 3,377 shares of the construction company’s stock worth $556,000 after acquiring an additional 191 shares during the period. BlackRock Inc. increased its stake in TopBuild by 0.5% during the 3rd quarter. BlackRock Inc. now owns 3,050,936 shares of the construction company’s stock worth $502,732,000 after acquiring an additional 15,777 shares during the period. Finally, Great West Life Assurance Co. Can bought a new position in TopBuild during the 3rd quarter worth $3,622,000. Institutional investors own 95.56% of the company’s stock.

TopBuild Company Profile

(Get Rating)

TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.

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Analyst Recommendations for TopBuild (NYSE:BLD)

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