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

TopBuild (NYSE:BLD) was downgraded by equities researchers at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other research analysts have also issued reports on BLD. Evercore ISI reduced their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Stock Down 3.6 %

NYSE:BLD opened at $344.27 on Friday. The firm has a market capitalization 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. TopBuild has a 52 week low of $340.13 and a 52 week high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average of $375.48 and a 200-day moving average of $393.12.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the 3rd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new stake in TopBuild during the third quarter worth approximately $45,000. Kennebec Savings Bank acquired a new position in TopBuild in the third quarter worth approximately $45,000. Finally, UMB Bank n.a. increased its holdings in shares of 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 buying an additional 62 shares in the last quarter. 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.