TopBuild (NYSE:BLD) Downgraded to “Inline” Rating by Evercore ISI

Evercore ISI downgraded shares of TopBuild (NYSE:BLD) from an outperform rating to an inline rating in a research note published on Monday, Marketbeat.com reports. They currently have $381.00 target price on the construction company’s stock, down from their previous target price of $443.00.

Several other analysts have also commented on BLD. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, DA Davidson dropped their price target 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $439.38.

TopBuild Trading Down 1.2 %

Shares of NYSE:BLD opened at $340.08 on Monday. The business’s 50-day moving average is $374.59 and its 200 day moving average is $392.49. 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 company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild has a 1 year low of $335.28 and a 1 year high of $495.68.

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

Institutional Trading of TopBuild

Large investors have recently made changes to their positions in the company. Pitcairn Co. boosted its stake 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 last quarter. Nisa Investment Advisors LLC boosted its position in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after acquiring an additional 820 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in TopBuild by 704.6% during the third 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 during the last quarter. Massachusetts Financial Services Co. MA grew its stake in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after acquiring an additional 48,562 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in TopBuild by 72.0% in the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock valued at $4,600,000 after acquiring an additional 4,703 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other 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.