TopBuild (NYSE:BLD) Cut to Hold at StockNews.com

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

Several other equities research analysts have also commented on the stock. Truist Financial cut their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price objective on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $446.67.

TopBuild Trading Down 1.8 %

TopBuild stock opened at $385.52 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The firm has a market cap of $12.27 billion, a PE ratio of 19.43, a P/E/G ratio of 2.53 and a beta of 1.77. The stock’s 50 day simple moving average is $388.90 and its two-hundred day simple moving average is $405.66. TopBuild has a 12 month low of $217.08 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.25 EPS. Analysts anticipate that TopBuild will post 21.18 earnings per share for the current year.

Institutional Trading of TopBuild

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TopBuild by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock valued at $112,279,000 after acquiring an additional 23,267 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of TopBuild by 44.8% in the 4th quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock valued at $8,327,000 after acquiring an additional 6,887 shares during the period. Vanguard Group Inc. lifted its holdings in shares of TopBuild by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company’s stock worth $1,113,072,000 after acquiring an additional 23,906 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in shares of TopBuild during the 4th quarter worth approximately $636,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.