Zacks Investment Research upgraded shares of TopBuild Corp. (NYSE:BLD) from a sell rating to a hold rating in a research report sent to investors on Thursday 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. “

Shares of TopBuild Corp. (NYSE:BLD) opened at 32.56 on Thursday. The firm’s 50 day moving average is $34.17 and its 200-day moving average is $33.83. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 12.03 and a beta of 0.17. TopBuild Corp. has a 52 week low of $23.02 and a 52 week high of $38.94.

TopBuild Corp. (NYSE:BLD) last announced its earnings results on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. TopBuild Corp. had a return on equity of 7.36% and a net margin of 6.07%. The company had revenue of $432 million for the quarter, compared to analyst estimates of $446.65 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. TopBuild Corp.’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts predict that TopBuild Corp. will post ($0.14) EPS for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in TopBuild Corp. by 21.3% in the second quarter. BlackRock Fund Advisors now owns 3,348,259 shares of the company’s stock worth $121,207,000 after buying an additional 587,742 shares during the period. Latimer Light Capital L.P. acquired a new stake in TopBuild Corp. during the second quarter worth $18,338,000. Dimensional Fund Advisors LP increased its stake in TopBuild Corp. by 55.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,282,926 shares of the company’s stock worth $46,442,000 after buying an additional 457,922 shares during the period. Marshall Wace LLP acquired a new stake in TopBuild Corp. during the second quarter worth $11,836,000. Finally, Wellington Management Group LLP increased its stake in TopBuild Corp. by 28.1% in the first quarter. Wellington Management Group LLP now owns 1,478,538 shares of the company’s stock worth $43,972,000 after buying an additional 324,186 shares during the period. 93.49% of the stock is owned by institutional investors and hedge funds.

About TopBuild Corp.

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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.

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