TopBuild (BLD) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a research note released on Tuesday. The firm currently has $86.00 price target on the construction company’s stock.

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. “

A number of other analysts have also weighed in on the company. Nomura upgraded TopBuild from a neutral rating to a buy rating and increased their target price for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. Jefferies Group assumed coverage on TopBuild in a research note on Tuesday, December 12th. They issued a buy rating and a $79.00 target price on the stock. ValuEngine lowered TopBuild from a buy rating to a hold rating in a research note on Friday, December 1st. KeyCorp reiterated an overweight rating on shares of TopBuild in a research note on Friday, November 10th. Finally, SunTrust Banks reiterated a buy rating and issued a $75.00 target price on shares of TopBuild in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $68.43.

TopBuild (BLD) traded up $0.26 during trading hours on Tuesday, reaching $76.58. The company had a trading volume of 145,000 shares, compared to its average volume of 260,550. TopBuild has a one year low of $36.09 and a one year high of $78.39. The stock has a market cap of $2,715.42, a price-to-earnings ratio of 37.72 and a beta of 0.61. 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 (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. During the same quarter in the prior year, the firm posted $0.63 EPS. TopBuild’s quarterly revenue was up 7.9% compared to the same quarter last year. analysts anticipate that TopBuild will post 2.75 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in BLD. Flinton Capital Management LLC increased its stake in shares of TopBuild by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after buying an additional 752 shares during the period. Schroder Investment Management Group purchased a new position in shares of TopBuild during the second quarter valued at $121,000. Riverhead Capital Management LLC increased its stake in shares of TopBuild by 72.1% during the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after buying an additional 1,297 shares during the period. Victory Capital Management Inc. increased its stake in shares of TopBuild by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after buying an additional 596 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of TopBuild during the second quarter valued at $213,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

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About TopBuild

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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