TopBuild (NYSE:BLD) Price Target Increased to $256.00 by Analysts at BTIG Research

TopBuild (NYSE:BLD) had its target price lifted by research analysts at BTIG Research from $236.00 to $256.00 in a report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the construction company’s stock. BTIG Research’s target price would indicate a potential upside of 22.33% from the stock’s previous close.

BLD has been the topic of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of TopBuild from $210.00 to $215.00 and gave the stock an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of TopBuild from $183.00 to $206.00 and gave the company a “buy” rating in a research note on Tuesday, December 15th. Truist upped their price target on shares of TopBuild from $184.00 to $232.00 in a research note on Wednesday, February 24th. KeyCorp upped their price target on shares of TopBuild from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, February 23rd. Finally, Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a research note on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. TopBuild presently has an average rating of “Hold” and a consensus price target of $171.73.

TopBuild stock opened at $209.27 on Thursday. The firm has a market capitalization of $6.92 billion, a PE ratio of 31.47 and a beta of 1.61. The company’s 50-day moving average is $203.59 and its 200-day moving average is $188.89. TopBuild has a fifty-two week low of $68.66 and a fifty-two week high of $224.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.62.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Monday, February 22nd. The construction company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.25. The company had revenue of $721.49 million for the quarter, compared to analyst estimates of $714.26 million. TopBuild had a net margin of 8.36% and a return on equity of 18.32%. TopBuild’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. As a group, analysts expect that TopBuild will post 6.97 EPS for the current year.

In other TopBuild news, insider Steven P. Raia sold 180 shares of the stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $201.53, for a total transaction of $36,275.40. Following the transaction, the insider now owns 3,651 shares in the company, valued at approximately $735,786.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John S. Peterson sold 9,547 shares of the stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $200.00, for a total transaction of $1,909,400.00. Corporate insiders own 1.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. Granite Investment Advisors LLC bought a new stake in shares of TopBuild during the 4th quarter worth approximately $297,000. Engineers Gate Manager LP lifted its holdings in shares of TopBuild by 23.5% during the 4th quarter. Engineers Gate Manager LP now owns 1,943 shares of the construction company’s stock worth $358,000 after acquiring an additional 370 shares during the period. National Asset Management Inc. lifted its holdings in shares of TopBuild by 12.6% during the 4th quarter. National Asset Management Inc. now owns 2,045 shares of the construction company’s stock worth $378,000 after acquiring an additional 229 shares during the period. Ardevora Asset Management LLP bought a new stake in shares of TopBuild during the 4th quarter worth approximately $62,477,000. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of TopBuild by 46.4% during the 4th quarter. Chartwell Investment Partners LLC now owns 11,826 shares of the construction company’s stock worth $2,177,000 after acquiring an additional 3,748 shares during the period. Hedge funds and other institutional investors own 94.64% of the company’s stock.

TopBuild Company Profile

TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services.

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Analyst Recommendations for TopBuild (NYSE:BLD)

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