TopBuild (NYSE:BLD) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of TopBuild (NYSE:BLD – Get Rating) in a report released on Thursday. The brokerage issued a buy rating on the construction company’s stock.

A number of other research firms have also recently weighed in on BLD. Deutsche Bank Aktiengesellschaft raised shares of TopBuild from a hold rating to a buy rating and upped their price target for the stock from $201.00 to $227.00 in a research note on Tuesday, January 10th. KeyCorp increased their price objective on shares of TopBuild from $205.00 to $225.00 and gave the company an overweight rating in a research note on Wednesday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $214.00.

TopBuild Stock Performance

NYSE:BLD opened at $189.53 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.74. TopBuild has a fifty-two week low of $140.66 and a fifty-two week high of $232.92. The stock has a market cap of $6.00 billion, a PE ratio of 11.04 and a beta of 1.48. The firm’s fifty day simple moving average is $195.47 and its 200-day simple moving average is $174.00.

TopBuild (NYSE:BLD – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The construction company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.38. TopBuild had a net margin of 11.10% and a return on equity of 30.81%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $3.12 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that TopBuild will post 15.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in TopBuild by 8.9% in the 2nd quarter. Rhumbline Advisers now owns 90,820 shares of the construction company’s stock valued at $15,181,000 after purchasing an additional 7,401 shares in the last quarter. ValueAct Holdings L.P. lifted its holdings in TopBuild by 462.1% in the 2nd quarter. ValueAct Holdings L.P. now owns 1,204,908 shares of the construction company’s stock valued at $201,412,000 after purchasing an additional 990,537 shares in the last quarter. Creative Planning lifted its holdings in TopBuild by 6.0% in the 3rd quarter. Creative Planning now owns 3,377 shares of the construction company’s stock valued at $556,000 after purchasing an additional 191 shares in the last quarter. BlackRock Inc. lifted its holdings in TopBuild by 0.5% in the 3rd quarter. BlackRock Inc. now owns 3,050,936 shares of the construction company’s stock valued at $502,732,000 after purchasing an additional 15,777 shares in the last quarter. Finally, Great West Life Assurance Co. Can purchased a new position in TopBuild in the 3rd quarter valued at about $3,622,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

About TopBuild

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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.