StockNews.com Downgrades TopBuild (NYSE:BLD) to Hold

TopBuild (NYSE:BLD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Evercore ISI dropped their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, DA Davidson lowered their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Stock Performance

Shares of BLD stock opened at $406.37 on Tuesday. The firm has a 50 day moving average of $399.77 and a two-hundred day moving average of $407.01. The stock has a market capitalization of $12.93 billion, a PE ratio of 20.48, a P/E/G ratio of 2.53 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild has a 52 week low of $217.08 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $5.25 EPS. On average, research analysts predict that TopBuild will post 21.18 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

A number of hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after acquiring an additional 25,973 shares during the period. Forge First Asset Management Inc. acquired a new stake in TopBuild in the 1st quarter valued at about $16,158,000. Nordea Investment Management AB increased its holdings in TopBuild by 4,820.9% during the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after acquiring an additional 28,395 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in TopBuild by 53.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after acquiring an additional 130,563 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in TopBuild by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock worth $8,327,000 after acquiring an additional 6,887 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Company Profile

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.