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

StockNews.com downgraded shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a report published on Wednesday.

BLD has been the subject of a number of other reports. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson cut their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Stock Performance

Shares of BLD opened at $305.34 on Wednesday. TopBuild has a 52 week low of $295.19 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market capitalization of $9.01 billion, a PE ratio of 15.41, a PEG ratio of 1.82 and a beta of 1.85. The company’s 50 day moving average price is $326.18 and its 200 day moving average price is $360.89.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $4.69 EPS. TopBuild’s revenue was up 2.0% on a year-over-year basis. Research analysts expect that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently modified their holdings of BLD. CIBC Asset Management Inc raised its holdings in TopBuild by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after acquiring an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in shares of TopBuild by 0.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $2,181,000 after purchasing an additional 33 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock worth $429,000 after purchasing an additional 33 shares during the period. Atlanta Consulting Group Advisors LLC increased its stake in shares of TopBuild by 1.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 39 shares during the period. Finally, Pathstone Holdings LLC lifted its position in shares of TopBuild by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 41 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About TopBuild

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.