TopBuild (NYSE:BLD) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn cut shares of TopBuild (NYSE:BLD) from a strong-buy rating to a hold rating in a research note published on Friday,Zacks.com reports.

BLD has been the subject of a number of other research reports. Evercore ISI reduced their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group lowered their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $447.13.

TopBuild Stock Performance

Shares of BLD stock opened at $344.27 on Friday. TopBuild has a fifty-two week low of $340.13 and a fifty-two week high of $495.68. The stock’s 50-day moving average is $375.48 and its two-hundred day moving average is $393.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market cap of $10.16 billion, a P/E ratio of 17.37, a PEG ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $5.43 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts predict that TopBuild will post 20.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in TopBuild by 0.4% in the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after acquiring an additional 23 shares during the period. CIBC Asset Management Inc lifted its position in shares of TopBuild by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after buying an additional 30 shares during the period. Fifth Third Bancorp boosted its stake in TopBuild by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after buying an additional 31 shares in the last quarter. Hanseatic Management Services Inc. grew its position in TopBuild by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after acquiring an additional 31 shares during the period. Finally, TFG Advisers LLC raised its stake in TopBuild by 1.1% during the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock worth $1,210,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.