TopBuild (NYSE:BLD) Rating Lowered to Hold at StockNews.com

TopBuild (NYSE:BLD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts also recently weighed in on the company. DA Davidson decreased their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Stephens decreased their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Evercore ISI decreased their target price on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial decreased their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $446.67.

TopBuild Stock Up 0.4 %

Shares of BLD opened at $386.99 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild has a 12 month low of $217.08 and a 12 month high of $495.68. The stock’s 50 day moving average is $387.90 and its two-hundred day moving average is $405.13. The firm has a market cap of $12.31 billion, a P/E ratio of 19.51, a PEG ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $5.25 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts predict that TopBuild will post 21.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ritholtz Wealth Management raised its position in TopBuild by 20.1% in the third quarter. Ritholtz Wealth Management now owns 1,899 shares of the construction company’s stock valued at $773,000 after purchasing an additional 318 shares during the period. UMB Bank n.a. raised its position in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares during the period. CWM LLC raised its position in TopBuild by 10.3% in the third quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after purchasing an additional 36 shares during the period. Handelsbanken Fonder AB raised its position in TopBuild by 21.6% in the third quarter. Handelsbanken Fonder AB now owns 8,437 shares of the construction company’s stock valued at $3,432,000 after purchasing an additional 1,500 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in TopBuild by 8.0% in the third quarter. Harbor Investment Advisory LLC now owns 541 shares of the construction company’s stock valued at $220,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors 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.