TopBuild Corp., TransDigm Group Inc, Louisiana-Pacific Corporation, among others, are the industrials stocks approaching important price targets.

Here's an update with information from the last trading session: Markets closed higher yesterday; Nasdaq gained 2.19% and closed at 12,976. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.

Buyers pushing TopBuild towards its price target of $206.66; currently at $206.16

After ending Thursday at $205.44, TopBuild Corp. went up to $206.81 only to drop back, yet still traded well overall and closed at $206.16 yesterday. Yesterday's gains stand in contrast to TopBuild's slide (lasting 7 days) in which it lost $12.6. The day's trading volume totalled 157,618 shares — slightly below the 21-day average of 206,698.

29 days ago the residential insulation specialist reached a significant high of $225.48 but has consequently lost 8.89% since then. The company's market cap currently stands at $6.55 billion with an average daily volume of 206,698 shares. TopBuild last reported revenue of $1.27 billion with an EPS of $4.36.

It will be interesting to follow how TopBuild's run now faces a challenge at $206.66, which is only 50 cents away.

TransDigm's nearest support level is at $791.52.

TransDigm ended Thursday at $786.71. yesterday it went up to $799.05 only to drop back, yet still managed to close at $792.49. TransDigm Group has increased a total of $7.08 over the past 3 days, with yesterday's session contributing to the uptrend. Trading volume totalled 141,939 which equates to around 48% of the stock's 21-day average yesterday.

Over the past 9 days, the aerospace manufacturing company has retreated 4.76% from a noteworthy peak of $826.05. Currently, the aerospace manufacturing company has a market capitalization of $43.53 billion with an average daily trading volume of 298,680 shares. So far this year, it has been outperforming the S&P by 18.03%. TransDigm Group expected revenue of $1.52 billion with an EPS of $5.45.

TransDigm's nearest support level is at $791.52.

LP now at $59.16 | Forthcoming price target: 17 cents lower at $59

Despite the risk-off mood, LP was range-bound between $58.73 to $59.73 and settled at $59.16. LP has been on a downtrend for 10 days, losing $4.25, with yesterday's session adding to the run. The day's trading volume totalled 468,421 shares — lower than the 21-day average of 920,077.

LP hit a significant low of $48.4 around 7 months ago, but has since recovered 22.91%. LP is currently trading with a market cap of $4.26 billion with an average daily trading volume of 920,077 shares. Louisiana-Pacific's last revenue report was $584 million with an EPS of 34 cents.

$59 is only 17 cents away for LP and might put a stop to its current downtrend.