Zelman & Associates cut shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research report sent to investors on Friday morning, The Fly reports.
BLD has been the subject of several other reports. Nomura boosted their target price on TopBuild from $103.00 to $108.00 and gave the company a neutral rating in a report on Friday, November 1st. Zacks Investment Research raised TopBuild from a hold rating to a strong-buy rating and set a $125.00 target price for the company in a report on Tuesday, November 5th. Buckingham Research upped their price objective on TopBuild from $101.00 to $120.00 and gave the company a buy rating in a research note on Friday, November 1st. Finally, SunTrust Banks upped their price objective on TopBuild from $86.00 to $100.00 and gave the company a hold rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $113.25.
Shares of TopBuild stock traded down $2.23 on Friday, hitting $107.29. The stock had a trading volume of 146,435 shares, compared to its average volume of 329,320. TopBuild has a 52-week low of $41.27 and a 52-week high of $111.48. The company has a current ratio of 1.64, a quick ratio of 1.33 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 0.73 and a beta of 0.82. The company’s 50 day moving average price is $100.74 and its 200 day moving average price is $88.48.
TopBuild (NYSE:BLD) last posted its earnings results on Thursday, October 31st. The construction company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.14. TopBuild had a return on equity of 16.15% and a net margin of 7.06%. The business had revenue of $682.30 million during the quarter, compared to the consensus estimate of $673.76 million. During the same period in the previous year, the business earned $1.23 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that TopBuild will post 5.38 EPS for the current fiscal year.
In other TopBuild news, VP Steven P. Raia sold 1,255 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $106.88, for a total transaction of $134,134.40. Following the completion of the sale, the vice president now directly owns 3,246 shares of the company’s stock, valued at approximately $346,932.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald Volas sold 23,988 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $107.97, for a total value of $2,589,984.36. Following the sale, the chief executive officer now directly owns 71,017 shares of the company’s stock, valued at $7,667,705.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,311 shares of company stock valued at $3,167,269. 2.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BLD. Advisor Group Inc. raised its stake in shares of TopBuild by 70.3% during the 2nd quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after buying an additional 135 shares in the last quarter. Winslow Evans & Crocker Inc. raised its stake in shares of TopBuild by 1,071.4% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 328 shares of the construction company’s stock worth $32,000 after buying an additional 300 shares in the last quarter. Royal Bank of Canada raised its stake in shares of TopBuild by 38.6% during the 2nd quarter. Royal Bank of Canada now owns 805 shares of the construction company’s stock worth $66,000 after buying an additional 224 shares in the last quarter. Private Capital Group LLC raised its stake in shares of TopBuild by 253.8% during the 2nd quarter. Private Capital Group LLC now owns 835 shares of the construction company’s stock worth $65,000 after buying an additional 599 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of TopBuild during the 2nd quarter worth approximately $74,000. 95.83% of the stock is owned by hedge funds and other institutional investors.
TopBuild Company Profile
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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