TopBuild (BLD) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of TopBuild (NYSE:BLD) from a hold rating to a sell rating in a research note released on Tuesday 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. “

Several other equities research analysts also recently commented on the company. Stephens downgraded TopBuild from an overweight rating to an equal rating and set a $52.00 price objective for the company. in a report on Thursday, October 18th. ValuEngine downgraded TopBuild from a sell rating to a strong sell rating in a report on Friday, September 28th. Macquarie cut their price objective on TopBuild from $83.00 to $67.00 and set a neutral rating for the company in a report on Thursday, September 6th. KeyCorp set a $81.00 price objective on TopBuild and gave the company a buy rating in a report on Monday, August 27th. Finally, Seaport Global Securities reissued a buy rating and issued a $94.00 price objective on shares of TopBuild in a report on Sunday, August 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $84.70.

NYSE:BLD opened at $51.31 on Tuesday. TopBuild has a twelve month low of $42.18 and a twelve month high of $87.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.18. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 13.92 and a beta of 0.77.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 6th. The construction company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The firm had revenue of $647.30 million during the quarter, compared to the consensus estimate of $643.65 million. TopBuild had a return on equity of 13.22% and a net margin of 8.96%. The business’s revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, sell-side analysts forecast that TopBuild will post 4.22 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of BLD. Legal & General Group Plc grew its holdings in shares of TopBuild by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 76,510 shares of the construction company’s stock worth $6,028,000 after purchasing an additional 2,633 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of TopBuild by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 262,083 shares of the construction company’s stock worth $20,532,000 after purchasing an additional 11,323 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of TopBuild during the 2nd quarter worth $219,000. Brown Advisory Inc. grew its holdings in shares of TopBuild by 74.8% during the 2nd quarter. Brown Advisory Inc. now owns 541,999 shares of the construction company’s stock worth $42,460,000 after purchasing an additional 231,843 shares in the last quarter. Finally, Aurora Investment Counsel acquired a new stake in shares of TopBuild during the 3rd quarter worth $1,122,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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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