Zacks Investment Research lowered shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research report sent to investors on Friday, January 12th.
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. “
A number of other research analysts also recently weighed in on the stock. Nomura upgraded shares of TopBuild from a neutral rating to a buy rating and raised their price target for the company from $69.00 to $78.00 in a report on Monday, December 18th. Jefferies Group began coverage on shares of TopBuild in a report on Tuesday, December 12th. They issued a buy rating and a $79.00 target price on the stock. ValuEngine downgraded shares of TopBuild from a buy rating to a hold rating in a report on Friday, December 1st. KeyCorp reiterated an overweight rating on shares of TopBuild in a report on Friday, November 10th. Finally, SunTrust Banks restated a buy rating and set a $75.00 price objective on shares of TopBuild in a report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $68.43.
Shares of TopBuild (NYSE BLD) traded down $2.88 during trading hours on Friday, hitting $71.28. 344,746 shares of the company’s stock were exchanged, compared to its average volume of 236,616. The firm has a market cap of $2,600.00 and a price-to-earnings ratio of 35.11. TopBuild has a 52 week low of $36.73 and a 52 week high of $78.64. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26.
TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $489.04 million during the quarter, compared to analyst estimates of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. sell-side analysts expect that TopBuild will post 2.75 earnings per share for the current year.
Several institutional investors have recently modified their holdings of BLD. Schwab Charles Investment Management Inc. boosted its position in shares of TopBuild by 11.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 19,007 shares in the last quarter. Legal & General Group Plc boosted its position in TopBuild by 5.9% in the second quarter. Legal & General Group Plc now owns 71,805 shares of the construction company’s stock valued at $3,811,000 after buying an additional 4,019 shares in the last quarter. Victory Capital Management Inc. boosted its position in TopBuild by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after buying an additional 596 shares in the last quarter. Prudential Financial Inc. boosted its position in TopBuild by 92.9% in the second quarter. Prudential Financial Inc. now owns 133,795 shares of the construction company’s stock valued at $7,101,000 after buying an additional 64,450 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in TopBuild in the second quarter valued at about $121,000. Institutional investors and hedge funds own 94.75% 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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