TopBuild (NYSE:BLD) Cut to Hold at Loop Capital

Loop Capital lowered shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. Loop Capital currently has $485.00 price objective on the construction company’s stock.

A number of other research firms have also commented on BLD. Royal Bank Of Canada raised their price target on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Wells Fargo & Company cut their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Finally, Zacks Research lowered TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $466.77.

TopBuild Stock Performance

NYSE:BLD opened at $427.47 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.34. The business has a fifty day simple moving average of $398.65 and a two-hundred day simple moving average of $436.63. TopBuild has a 1 year low of $273.87 and a 1 year high of $559.47. The company has a market capitalization of $12.03 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.98 and a beta of 1.85.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $4.63 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect that TopBuild will post 18.14 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently added to or reduced their stakes in the business. Greenleaf Trust boosted its stake in TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after buying an additional 22 shares during the period. Root Financial Partners LLC boosted its stake in TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after buying an additional 22 shares during the period. UMB Bank n.a. boosted its stake in TopBuild by 6.1% during the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock valued at $160,000 after buying an additional 22 shares during the period. Bessemer Group Inc. boosted its stake in TopBuild by 7.9% during the first quarter. Bessemer Group Inc. now owns 328 shares of the construction company’s stock valued at $115,000 after buying an additional 24 shares during the period. Finally, Kera Capital Partners Inc. boosted its stake in TopBuild by 3.3% during the first quarter. Kera Capital Partners Inc. now owns 789 shares of the construction company’s stock valued at $277,000 after buying an additional 25 shares during the period. Institutional investors own 95.67% of the company’s stock.

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.