StockNews.com Downgrades TopBuild (NYSE:BLD) to Hold

TopBuild (NYSE:BLD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities analysts have also issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson reduced their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.33.

TopBuild Stock Performance

BLD stock opened at $304.01 on Wednesday. TopBuild has a twelve month low of $295.19 and a twelve month high of $495.68. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.82 and a beta of 1.85. The business’s fifty day simple moving average is $326.08 and its two-hundred day simple moving average is $360.50. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the third quarter worth about $31,000. Winch Advisory Services LLC purchased a new position in shares of TopBuild in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Quantbot Technologies LP purchased a new stake in TopBuild during the 3rd quarter worth approximately $45,000. Finally, Kennebec Savings Bank acquired a new position in TopBuild during the 3rd quarter valued at approximately $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.