TopBuild (BLD) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a report published on Friday morning.

According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “

BLD has been the topic of several other reports. ValuEngine lowered shares of TopBuild from a buy rating to a hold rating in a research note on Friday, December 1st. Nomura boosted their price objective on shares of TopBuild from $58.00 to $61.00 and gave the stock a neutral rating in a research note on Wednesday, November 8th. SunTrust Banks restated a buy rating and set a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. Jefferies Group started coverage on shares of TopBuild in a research note on Tuesday, December 12th. They set a buy rating and a $79.00 price objective on the stock. Finally, KeyCorp restated an overweight rating on shares of TopBuild in a research note on Friday, November 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $68.29.

Shares of TopBuild (NYSE BLD) traded up $0.34 during mid-day trading on Friday, reaching $76.89. 200,020 shares of the company’s stock traded hands, compared to its average volume of 285,859. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. TopBuild has a 12-month low of $36.09 and a 12-month high of $77.70. The firm has a market cap of $2,723.60, a price-to-earnings ratio of 37.88 and a beta of 0.61.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. TopBuild’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. equities analysts expect that TopBuild will post 2.75 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of TopBuild by 11.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock worth $9,508,000 after buying an additional 19,007 shares during the period. Legal & General Group Plc boosted its holdings in shares of TopBuild by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 71,805 shares of the construction company’s stock worth $3,811,000 after buying an additional 4,019 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of TopBuild by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after buying an additional 596 shares during the period. Prudential Financial Inc. boosted its holdings in shares of TopBuild by 92.9% during the 2nd quarter. Prudential Financial Inc. now owns 133,795 shares of the construction company’s stock worth $7,101,000 after buying an additional 64,450 shares during the period. Finally, Schroder Investment Management Group bought a new stake in shares of TopBuild during the 2nd quarter worth about $121,000. Institutional investors own 94.87% of the company’s stock.

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TopBuild Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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