TopBuild (NYSE:BLD) Given “Neutral” Rating at Seaport Research Partners

Seaport Research Partners reaffirmed their neutral rating on shares of TopBuild (NYSE:BLD) in a report published on Tuesday, MarketBeat reports.

A number of other research firms also recently commented on BLD. Royal Bank Of Canada boosted their price target on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. DA Davidson dropped their price target on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Benchmark lowered their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $443.78.

TopBuild Stock Down 2.9%

BLD stock opened at $350.20 on Tuesday. TopBuild has a 52 week low of $266.26 and a 52 week high of $559.47. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 4.48 and a beta of 1.78. The firm’s 50-day moving average is $433.11 and its two-hundred day moving average is $434.23. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $5.13 EPS. TopBuild’s revenue was up 13.2% on a year-over-year basis. On average, analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BLD. AQR Capital Management LLC boosted its holdings in shares of TopBuild by 48.2% in the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares during the period. Franklin Resources Inc. boosted its holdings in shares of TopBuild by 2.0% in the second quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock worth $555,000 after buying an additional 34 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TopBuild by 106.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after buying an additional 123 shares during the period. First Trust Advisors LP boosted its holdings in shares of TopBuild by 8.1% in the second quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock worth $21,961,000 after buying an additional 5,093 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of TopBuild in the second quarter worth about $489,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About TopBuild

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.