TopBuild (NYSE:BLD) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of TopBuild (NYSE:BLD) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

BLD has been the subject of several other reports. Jefferies Financial Group lifted their price objective on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a report on Monday, December 15th. Wells Fargo & Company cut their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Royal Bank Of Canada raised their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Finally, Evercore decreased their price objective on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $439.26.

TopBuild Stock Performance

Shares of BLD stock traded down $12.37 on Tuesday, hitting $409.11. The company’s stock had a trading volume of 173,698 shares, compared to its average volume of 318,738. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $559.47. The company has a market capitalization of $11.51 billion, a PE ratio of 22.36, a PEG ratio of 5.21 and a beta of 1.72. The stock’s 50 day moving average is $480.16 and its 200-day moving average is $444.26. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $5.13 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts expect that TopBuild will post 20.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

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

TopBuild Company Profile

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.