Shares of TopBuild Corp. (NYSE:BLD – Get Rating) fell 5.3% on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $278.00 to $219.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. TopBuild traded as low as $189.44 and last traded at $189.45. 7,529 shares were traded during mid-day trading, a decline of 97% from the average session volume of 285,432 shares. The stock had previously closed at $200.14.
Several other equities research analysts also recently commented on the company. Jefferies Financial Group dropped their target price on TopBuild from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Zelman & Associates raised TopBuild from a “hold” rating to a “buy” rating in a report on Thursday, December 23rd. Benchmark dropped their target price on TopBuild from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. BTIG Research downgraded TopBuild from a “buy” rating to a “neutral” rating in a report on Friday, December 3rd. Finally, Truist Financial increased their target price on TopBuild from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, TopBuild has a consensus rating of “Buy” and a consensus price target of $268.44.
Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank N A MO purchased a new stake in TopBuild in the fourth quarter worth about $31,000. National Bank of Canada FI purchased a new stake in shares of TopBuild during the fourth quarter worth about $34,000. Covestor Ltd purchased a new stake in shares of TopBuild during the fourth quarter worth about $36,000. First Horizon Advisors Inc. grew its position in shares of TopBuild by 54.8% during the fourth quarter. First Horizon Advisors Inc. now owns 178 shares of the construction company’s stock worth $48,000 after purchasing an additional 63 shares in the last quarter. Finally, Emerald Advisers LLC purchased a new stake in shares of TopBuild during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 95.52% of the company’s stock.
The company has a debt-to-equity ratio of 0.89, a current ratio of 1.62 and a quick ratio of 1.14. The firm has a 50-day moving average of $219.82 and a 200-day moving average of $239.16. The stock has a market cap of $6.25 billion, a PE ratio of 20.11 and a beta of 1.58.
TopBuild (NYSE:BLD – Get Rating) last released its quarterly earnings results on Monday, February 21st. The construction company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.20. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. TopBuild had a return on equity of 23.71% and a net margin of 9.29%. The firm’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 EPS. Equities analysts forecast that TopBuild Corp. will post 13.97 EPS for the current fiscal year.
TopBuild Company Profile (NYSE:BLD)
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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