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

StockNews.com lowered shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research note released on Wednesday morning.

Several other equities analysts also recently weighed in on the company. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group cut their target price 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. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $422.33.

TopBuild Stock Performance

NYSE:BLD opened at $306.44 on Wednesday. TopBuild has a fifty-two week low of $295.19 and a fifty-two 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 50 day moving average price of $326.00 and a 200 day moving average price of $360.03. The stock has a market capitalization of $9.04 billion, a P/E ratio of 15.46, a PEG ratio of 1.82 and a beta of 1.85.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $4.69 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that TopBuild will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Hedge funds and other institutional investors have recently modified their holdings of the company. PFG Investments LLC purchased a new position in TopBuild in the third quarter valued at $417,000. State of Alaska Department of Revenue boosted its position in shares of TopBuild by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company’s stock worth $1,418,000 after acquiring an additional 50 shares in the last quarter. abrdn plc increased its holdings in shares of TopBuild by 0.4% in the 3rd quarter. abrdn plc now owns 33,612 shares of the construction company’s stock valued at $13,674,000 after acquiring an additional 129 shares during the last quarter. US Bancorp DE boosted its holdings in TopBuild by 539.0% in the third quarter. US Bancorp DE now owns 7,393 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 6,236 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in TopBuild by 107.1% in the third quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company’s stock valued at $190,000 after purchasing an additional 242 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.