TopBuild (NYSE:BLD) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a report published on Wednesday.

BLD has been the topic of several other research reports. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group dropped their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, DA Davidson decreased their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Stock Performance

Shares of BLD stock opened at $305.34 on Wednesday. TopBuild has a 12-month low of $295.19 and a 12-month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. The business has a 50 day simple moving average of $326.18 and a 200 day simple moving average of $360.89.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.69 EPS. On average, equities research analysts anticipate that TopBuild will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the third quarter worth $31,000. Winch Advisory Services LLC acquired a new position in shares of TopBuild in the 4th quarter valued at $26,000. Versant Capital Management Inc increased its stake in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TopBuild during the 3rd quarter worth about $45,000. Finally, Kennebec Savings Bank acquired a new stake in shares of TopBuild during the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.