TopBuild’s (BLD) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of TopBuild (NYSE:BLD) in a research note issued to investors on Monday,Benzinga reports. They currently have a $465.00 price target on the construction company’s stock.

Several other equities research analysts have also weighed in on the stock. Wells Fargo & Company lowered their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Benchmark lowered their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada upped their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $447.21.

TopBuild Stock Down 3.6%

BLD opened at $453.12 on Monday. The firm’s 50-day simple moving average is $414.54 and its 200-day simple moving average is $435.51. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. TopBuild has a twelve month low of $273.87 and a twelve month high of $559.47. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 5.90 and a beta of 1.78.

TopBuild (NYSE:BLD) last posted its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $5.13 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that TopBuild will post 18.12 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently added to or reduced their stakes in the company. Inscription Capital LLC boosted its holdings in TopBuild by 104.6% in the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after acquiring an additional 1,508 shares during the last quarter. Calamos Advisors LLC bought a new position in TopBuild in the third quarter valued at about $997,000. WCM Investment Management LLC bought a new position in TopBuild in the third quarter valued at about $17,734,000. Campbell & CO Investment Adviser LLC boosted its holdings in TopBuild by 697.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock valued at $3,090,000 after acquiring an additional 6,915 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in TopBuild by 20.7% in the third quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock valued at $13,677,000 after acquiring an additional 5,991 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.