Loop Capital Has Lowered Expectations for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its target price dropped by equities researchers at Loop Capital from $370.00 to $360.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Loop Capital’s target price would suggest a potential upside of 21.74% from the company’s previous close.

Several other research firms also recently issued reports on BLD. Stephens cut their price objective on TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Thursday. Truist Financial cut their price target 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. DA Davidson decreased their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $380.22.

TopBuild Stock Up 1.6 %

NYSE BLD opened at $295.71 on Thursday. TopBuild has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a market capitalization of $8.65 billion, a P/E ratio of 14.92, a PEG ratio of 1.82 and a beta of 1.72. The company’s 50 day simple moving average is $296.74 and its 200 day simple moving average is $326.76. 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 announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.81 EPS. Equities research analysts expect that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Hedge funds and other institutional investors have recently made changes to their positions in the company. Winch Advisory Services LLC acquired a new position in TopBuild in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild during the 3rd quarter worth $31,000. V Square Quantitative Management LLC increased its stake in shares of TopBuild by 55.3% during 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 last quarter. Parallel Advisors LLC lifted its stake in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in TopBuild in the first quarter worth $50,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Company Profile

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.