TopBuild (BLD) Given New $90.00 Price Target at Buckingham Research

TopBuild (NYSE:BLD) had its price objective lifted by investment analysts at Buckingham Research from $74.00 to $90.00 in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the construction company’s stock. Buckingham Research’s price objective would suggest a potential upside of 11.97% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of TopBuild from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. ValuEngine upgraded shares of TopBuild from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. SunTrust Banks lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zelman & Associates lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Macquarie upgraded shares of TopBuild from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $82.09.

BLD opened at $80.38 on Wednesday. The firm has a market cap of $2.58 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.66 and a beta of 1.11. TopBuild has a fifty-two week low of $41.27 and a fifty-two week high of $87.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.59 and a quick ratio of 1.21.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.24. The company had revenue of $619.30 million during the quarter, compared to analysts’ expectations of $599.06 million. TopBuild had a net margin of 5.65% and a return on equity of 14.12%. TopBuild’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. As a group, research analysts predict that TopBuild will post 4.53 EPS for the current year.

In other news, VP John S. Peterson sold 10,930 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $60.36, for a total value of $659,734.80. Following the completion of the sale, the vice president now owns 45,126 shares in the company, valued at approximately $2,723,805.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert M. Buck sold 14,677 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $58.66, for a total transaction of $860,952.82. Following the completion of the sale, the chief operating officer now owns 60,142 shares of the company’s stock, valued at approximately $3,527,929.72. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in TopBuild by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,538,272 shares of the construction company’s stock valued at $201,045,000 after buying an additional 91,046 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of TopBuild by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,253,434 shares of the construction company’s stock worth $101,405,000 after buying an additional 80,206 shares during the last quarter. Investec Asset Management LTD grew its position in shares of TopBuild by 4.6% in the 4th quarter. Investec Asset Management LTD now owns 1,167,348 shares of the construction company’s stock worth $52,531,000 after buying an additional 51,773 shares during the last quarter. Brown Advisory Inc. grew its position in shares of TopBuild by 5.1% in the 4th quarter. Brown Advisory Inc. now owns 1,104,160 shares of the construction company’s stock worth $49,687,000 after buying an additional 53,790 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of TopBuild by 109.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 610,368 shares of the construction company’s stock worth $27,467,000 after buying an additional 319,342 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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