TopBuild (NYSE:BLD) Stock Rating Lowered by Seaport Res Ptn

Seaport Res Ptn downgraded shares of TopBuild (NYSE:BLD) from a strong-buy rating to a hold rating in a report issued on Friday morning,Zacks.com reports.

BLD has been the topic of several other research reports. Jefferies Financial Group cut their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Evercore ISI reduced their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $447.13.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $344.27 on Friday. The business has a fifty day moving average of $375.48 and a 200-day moving average of $393.01. The firm has a market cap of $10.16 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a twelve month low of $340.13 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.43 earnings per share. On average, equities research analysts predict that TopBuild will post 20.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLD. Vaughan Nelson Investment Management L.P. acquired a new position in TopBuild in the third quarter valued at about $114,220,000. FMR LLC raised its position in shares of TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after acquiring an additional 110,143 shares during the period. Natixis Advisors LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $41,981,000. Finally, Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 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.