TopBuild (NYSE:BLD) Price Target Cut to $450.00 by Analysts at DA Davidson

TopBuild (NYSE:BLD) had its price objective decreased by DA Davidson from $460.00 to $450.00 in a research report sent to investors on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the construction company’s stock. DA Davidson also issued estimates for TopBuild’s Q4 2024 earnings at $5.14 EPS.

A number of other research firms have also recently commented on BLD. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stephens decreased their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Truist Financial decreased their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Price Performance

Shares of BLD traded down $3.66 during mid-day trading on Thursday, reaching $368.89. 191,554 shares of the stock traded hands, compared to its average volume of 288,180. TopBuild has a 1 year low of $262.64 and a 1 year high of $495.68. The firm has a fifty day moving average price of $385.15 and a 200 day moving average price of $399.31. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $5.43 earnings per share. TopBuild’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that TopBuild will post 21.03 earnings per share for the current year.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new stake in shares of TopBuild in the 1st quarter worth approximately $31,000. Kennebec Savings Bank purchased a new stake in shares of TopBuild in the 3rd quarter worth approximately $45,000. UMB Bank n.a. increased its position in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after buying an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in TopBuild in the first quarter worth $56,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.