Investment analysts at JPMorgan Chase & Co. started coverage on shares of TopBuild (NYSE:BLD) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set an “underweight” rating and a $210.00 price target on the construction company’s stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 5.93% from the stock’s previous close.
Several other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on TopBuild from $183.00 to $206.00 and gave the stock a “buy” rating in a report on Tuesday, December 15th. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a report on Tuesday, January 5th. BTIG Research boosted their price target on TopBuild from $207.00 to $213.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Finally, Truist Financial boosted their price target on TopBuild from $160.00 to $184.00 in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $162.57.
BLD opened at $223.23 on Wednesday. The company has a market cap of $7.37 billion, a P/E ratio of 33.57 and a beta of 1.61. The business’s 50-day moving average price is $199.63 and its 200-day moving average price is $172.84. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.54. TopBuild has a 12 month low of $54.83 and a 12 month high of $224.89.
In other news, insider Steven P. Raia sold 1,255 shares of the business’s stock in a transaction that occurred on Friday, November 13th. The stock was sold at an average price of $167.53, for a total value of $210,250.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John S. Peterson sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $182.44, for a total value of $501,710.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of BLD. First Trust Advisors LP boosted its position in shares of TopBuild by 19.8% in the 1st quarter. First Trust Advisors LP now owns 45,325 shares of the construction company’s stock worth $2,938,000 after purchasing an additional 7,493 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of TopBuild in the 3rd quarter worth approximately $1,477,000. Boston Trust Walden Corp bought a new stake in shares of TopBuild in the 3rd quarter worth approximately $10,752,000. Campbell & CO Investment Adviser LLC boosted its position in shares of TopBuild by 38.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 3,938 shares of the construction company’s stock worth $672,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in shares of TopBuild by 96.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 4,070 shares of the construction company’s stock worth $695,000 after purchasing an additional 2,000 shares in the last quarter. 94.64% of the stock is currently owned by hedge funds and other institutional investors.
TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, shower enclosures, closet shelving, accessories, and other products; and insulation installation services.
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