TopBuild (NYSE:BLD) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of TopBuild (NYSE:BLD) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on BLD. Benchmark cut their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company dropped their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Evercore lowered their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Finally, Jefferies Financial Group increased their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $439.26.

TopBuild Stock Performance

Shares of TopBuild stock opened at $407.73 on Tuesday. The business has a 50-day simple moving average of $479.75 and a 200-day simple moving average of $444.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. TopBuild has a one year low of $266.26 and a one year high of $559.47. The company has a market cap of $11.47 billion, a PE ratio of 22.28, a P/E/G ratio of 5.07 and a beta of 1.72.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $5.13 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BLD. Anchor Investment Management LLC raised its position in TopBuild by 9.9% during the 4th quarter. Anchor Investment Management LLC now owns 1,575 shares of the construction company’s stock worth $657,000 after buying an additional 142 shares during the last quarter. Compound Planning Inc. increased its stake in shares of TopBuild by 15.8% during the fourth quarter. Compound Planning Inc. now owns 981 shares of the construction company’s stock worth $409,000 after acquiring an additional 134 shares during the period. Corient Private Wealth LLC raised its holdings in TopBuild by 1,120.0% during the fourth quarter. Corient Private Wealth LLC now owns 92,757 shares of the construction company’s stock worth $38,697,000 after purchasing an additional 85,154 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in TopBuild during the fourth quarter worth about $234,000. Finally, Empowered Funds LLC lifted its position in TopBuild by 42.3% in the fourth quarter. Empowered Funds LLC now owns 10,255 shares of the construction company’s stock valued at $4,278,000 after purchasing an additional 3,047 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.