TopBuild (NYSE:BLD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
Several other research analysts also recently commented on BLD. SunTrust Banks restated a “buy” rating and set a $75.00 price objective on shares of TopBuild in a research report on Wednesday, October 4th. Nomura boosted their price objective on shares of TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. KeyCorp restated an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Jefferies Group initiated coverage on shares of TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. TopBuild currently has a consensus rating of “Buy” and an average price target of $68.29.
Shares of TopBuild (NYSE:BLD) opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. TopBuild has a 1 year low of $36.09 and a 1 year high of $77.70. The firm has a market cap of $2,740.00 and a P/E ratio of 37.88.
TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The company had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. analysts predict that TopBuild will post 2.75 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in BLD. Flinton Capital Management LLC increased its holdings in shares of TopBuild by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after buying an additional 752 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of TopBuild during the second quarter worth $121,000. Riverhead Capital Management LLC increased its holdings in shares of TopBuild by 72.1% during the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after buying an additional 1,297 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of TopBuild by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after buying an additional 596 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of TopBuild during the second quarter worth $213,000. Institutional investors and hedge funds own 94.87% of the company’s stock.
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TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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