TopBuild (NYSE:BLD) Rating Lowered to “Hold” at Seaport Res Ptn

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

Other research analysts also recently issued reports about the company. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson dropped their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $447.13.

TopBuild Trading Down 3.6 %

TopBuild stock opened at $344.27 on Friday. TopBuild has a 52-week low of $340.13 and a 52-week high of $495.68. The company has a market cap of $10.16 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $375.48 and a two-hundred day simple moving average of $393.05.

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

Hedge Funds Weigh In On TopBuild

A number of large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild in the 3rd quarter worth approximately $31,000. World Investment Advisors LLC acquired a new position in shares of TopBuild during the third quarter worth $54,000. Anchor Investment Management LLC lifted its holdings in shares of TopBuild by 10.3% during the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after purchasing an additional 83 shares during the last quarter. Fortem Financial Group LLC boosted its position in shares of TopBuild by 450.8% in the 3rd quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock worth $2,129,000 after purchasing an additional 4,283 shares in the last quarter. Finally, TT International Asset Management LTD grew its stake in TopBuild by 199.5% during the 3rd quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company’s stock worth $5,730,000 after buying an additional 9,383 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.