TopBuild (NYSE:BLD) Upgraded by Zacks Research to “Hold” Rating

TopBuild (NYSE:BLD) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on BLD. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a report on Wednesday. Wells Fargo & Company decreased their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. DA Davidson reiterated a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday. UBS Group set a $440.00 price objective on shares of TopBuild in a report on Wednesday. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. 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 company. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of “Hold” and a consensus target price of $466.77.

TopBuild Trading Down 2.4%

TopBuild stock opened at $428.44 on Wednesday. The firm has a 50 day simple moving average of $398.65 and a 200-day simple moving average of $436.63. 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 stock has a market capitalization of $12.06 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 5.51 and a beta of 1.85. TopBuild has a 12-month low of $273.87 and a 12-month high of $559.47.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in TopBuild by 2.8% in the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after buying an additional 97,247 shares during the period. Capital International Investors increased its stake in TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after buying an additional 630,857 shares during the period. Capital World Investors increased its stake in TopBuild by 0.9% in the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after buying an additional 7,735 shares during the period. Bank of America Corp DE increased its stake in TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares during the period. Finally, Boston Partners increased its stake in TopBuild by 1.0% in the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after buying an additional 7,400 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Company Profile

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.