TopBuild (NYSE:BLD) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

BLD has been the topic of a number of other reports. Zacks Investment Research cut TopBuild from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zelman & Associates cut TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Macquarie raised TopBuild from a “neutral” rating to an “outperform” rating in a report on Thursday, March 7th. Buckingham Research initiated coverage on TopBuild in a report on Monday, February 25th. They issued a “buy” rating and a $69.00 price target on the stock. Finally, Nomura boosted their price target on TopBuild from $71.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.64.

BLD stock opened at $80.87 on Tuesday. TopBuild has a twelve month low of $41.27 and a twelve month high of $87.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.20 and a current ratio of 1.56. The stock has a market cap of $2.82 billion, a PE ratio of 19.30, a P/E/G ratio of 0.60 and a beta of 1.11.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.24. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The firm had revenue of $619.30 million for the quarter, compared to analysts’ expectations of $599.06 million. During the same period in the previous year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, equities analysts forecast that TopBuild will post 4.99 earnings per share for the current fiscal year.

In other news, insider Robert M. Buck sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $85.00, for a total transaction of $297,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John S. Peterson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $86.37, for a total value of $345,480.00. Following the sale, the vice president now directly owns 30,046 shares in the company, valued at $2,595,073.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,984 shares of company stock worth $2,641,526. 2.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. ETF Managers Group LLC raised its holdings in shares of TopBuild by 9.8% during the 1st quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock worth $121,000 after acquiring an additional 167 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of TopBuild by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 11,165 shares of the construction company’s stock worth $724,000 after acquiring an additional 176 shares in the last quarter. Comerica Bank raised its holdings in shares of TopBuild by 0.5% during the 1st quarter. Comerica Bank now owns 36,058 shares of the construction company’s stock worth $2,514,000 after acquiring an additional 192 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in shares of TopBuild by 2.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,422 shares of the construction company’s stock worth $379,000 after acquiring an additional 218 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of TopBuild by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 6,310 shares of the construction company’s stock worth $284,000 after acquiring an additional 247 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Analyst Recommendations for TopBuild (NYSE:BLD)

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