TopBuild (NYSE:BLD) Stock Rating Lowered by Evercore ISI

Evercore ISI lowered shares of TopBuild (NYSE:BLD) from an outperform rating to an inline rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Evercore ISI currently has $381.00 price objective on the construction company’s stock, down from their prior price objective of $443.00.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson lowered their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $439.38.

TopBuild Trading Down 1.2 %

Shares of BLD opened at $340.08 on Monday. TopBuild has a 12-month low of $335.28 and a 12-month high of $495.68. The firm has a market capitalization of $10.03 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.31 and a beta of 1.79. The firm has a 50-day moving average price of $374.59 and a 200 day moving average price of $392.49. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

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

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently bought and sold shares of BLD. Pitcairn Co. increased its holdings in TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after purchasing an additional 1,422 shares during the period. Nisa Investment Advisors LLC lifted its holdings in TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after buying an additional 820 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after acquiring an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after buying an additional 48,562 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after buying an additional 4,703 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.