TopBuild (BLD) Lifted to Buy at ValuEngine

TopBuild (NYSE:BLD) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, ValuEngine reports.

BLD has been the topic of a number of other reports. Zacks Investment Research lowered shares of TopBuild from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zelman & Associates lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Macquarie raised shares of TopBuild from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 7th. Buckingham Research assumed coverage on shares of TopBuild in a research report on Monday, February 25th. They set a “buy” rating and a $69.00 price target on the stock. Finally, SunTrust Banks lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $82.09.

NYSE:BLD traded up $0.59 during mid-day trading on Wednesday, reaching $86.34. 168,674 shares of the company’s stock were exchanged, compared to its average volume of 299,305. TopBuild has a one year low of $41.27 and a one year high of $87.21. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 0.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.20 and a current ratio of 1.56.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.24. TopBuild had a net margin of 5.83% and a return on equity of 14.81%. The business had revenue of $619.30 million for the quarter, compared to analyst estimates of $599.06 million. During the same period last year, the firm earned $0.73 earnings per share. TopBuild’s revenue for the quarter was up 26.0% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild will post 4.89 EPS for the current year.

In other TopBuild news, COO Robert M. Buck sold 14,677 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $58.66, for a total value of $860,952.82. Following the transaction, the chief operating officer now directly owns 60,142 shares of the company’s stock, valued at approximately $3,527,929.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Buck sold 5,877 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $81.31, for a total transaction of $477,858.87. Following the completion of the transaction, the insider now directly owns 51,911 shares in the company, valued at $4,220,883.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,484 shares of company stock worth $1,998,546. Insiders own 2.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC increased its holdings in TopBuild by 9.8% in the 1st quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock valued at $121,000 after buying an additional 167 shares during the period. Mason Street Advisors LLC boosted its stake in shares of TopBuild by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 11,165 shares of the construction company’s stock valued at $724,000 after purchasing an additional 176 shares in the last quarter. Comerica Bank boosted its stake in shares of TopBuild by 0.5% in the 1st quarter. Comerica Bank now owns 36,058 shares of the construction company’s stock valued at $2,514,000 after purchasing an additional 192 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of TopBuild by 2.7% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,422 shares of the construction company’s stock valued at $379,000 after purchasing an additional 218 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of TopBuild by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 6,310 shares of the construction company’s stock valued at $284,000 after purchasing an additional 247 shares in the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

About TopBuild

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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Analyst Recommendations for TopBuild (NYSE:BLD)

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