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

TopBuild (NYSE:BLD) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

BLD has been the topic of several other research reports. Jefferies Financial Group boosted their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. DA Davidson reissued a “buy” rating and issued a $485.00 target price on shares of TopBuild in a research report on Wednesday, December 10th. Benchmark dropped their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company decreased their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Evercore dropped their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.26.

TopBuild Trading Down 0.4%

Shares of TopBuild stock traded down $1.79 during trading on Tuesday, reaching $419.69. 5,587 shares of the stock were exchanged, compared to its average volume of 314,887. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 5.21 and a beta of 1.72. TopBuild has a 1 year low of $266.26 and a 1 year high of $559.47. The stock’s fifty day moving average is $480.16 and its 200 day moving average is $444.26.

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

Institutional Investors Weigh In On TopBuild

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of TopBuild by 464.5% during the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock valued at $324,434,000 after purchasing an additional 639,915 shares during the last quarter. Capital International Investors increased its holdings in TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after buying an additional 630,857 shares during the last quarter. Boston Partners raised its position in TopBuild by 102.2% in the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after acquiring an additional 391,299 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after acquiring an additional 390,838 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TopBuild during the 2nd quarter valued at $110,238,000. Institutional investors own 95.67% of the company’s stock.

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.