TopBuild Corp. (NYSE:BLD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TopBuild Corp. (NYSE:BLD) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $437.00.

Several research firms have recently weighed in on BLD. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group cut their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th.

TopBuild Stock Performance

BLD stock opened at $326.92 on Monday. TopBuild has a 1-year low of $302.70 and a 1-year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.64 billion, a PE ratio of 16.49, a P/E/G ratio of 2.03 and a beta of 1.85. The business’s 50-day moving average price is $337.91 and its two-hundred day moving average price is $370.63.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently modified their holdings of BLD. Squarepoint Ops LLC bought a new stake in TopBuild during the second quarter worth about $1,154,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of TopBuild during the 2nd quarter worth approximately $412,000. Sanctuary Advisors LLC acquired a new stake in shares of TopBuild in the 2nd quarter valued at approximately $2,004,000. Harbor Investment Advisory LLC boosted its holdings in shares of TopBuild by 8.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 541 shares of the construction company’s stock valued at $220,000 after buying an additional 40 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of TopBuild by 21.6% in the third quarter. Handelsbanken Fonder AB now owns 8,437 shares of the construction company’s stock valued at $3,432,000 after buying an additional 1,500 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About TopBuild

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.