Zacks Research Downgrades TopBuild (NYSE:BLD) to Strong Sell

TopBuild (NYSE:BLD) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on BLD. Jefferies Financial Group increased their price target on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada upped their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Evercore dropped their price objective on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company reduced their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, DA Davidson reiterated a “buy” rating and set a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $439.26.

TopBuild Stock Performance

Shares of BLD stock traded down $12.99 on Tuesday, reaching $408.49. The stock had a trading volume of 209,035 shares, compared to its average volume of 319,139. TopBuild has a 12 month low of $266.26 and a 12 month high of $559.47. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 5.21 and a beta of 1.72. The firm’s 50-day moving average is $480.16 and its two-hundred day moving average is $444.26. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $5.13 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts expect that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Trading of TopBuild

Large investors have recently modified their holdings of the stock. Core Wealth Advisors LLC acquired a new position in TopBuild in the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new position in TopBuild in the 3rd quarter valued at about $27,000. Parallel Advisors LLC increased its holdings in TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares during the period. Global Retirement Partners LLC raised its position in shares of TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Finally, First Horizon Corp lifted its holdings in shares of TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.