StockNews.com Lowers TopBuild (NYSE:BLD) to Hold

StockNews.com lowered shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research note released on Friday morning.

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

TopBuild Stock Up 3.7 %

NYSE BLD opened at $401.42 on Friday. The company has a market capitalization of $12.77 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $387.44 and its 200-day moving average price is $404.62. TopBuild has a 52 week low of $217.08 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.25 EPS. On average, equities research analysts predict that TopBuild will post 21.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after purchasing an additional 25,973 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in TopBuild in the first quarter worth about $16,158,000. Nordea Investment Management AB raised its position in TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock worth $12,825,000 after purchasing an additional 28,395 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in TopBuild by 53.0% in 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 acquiring an additional 130,563 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in TopBuild by 44.8% during the 4th quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock valued at $8,327,000 after purchasing an additional 6,887 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

About TopBuild

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.