TopBuild (NYSE:BLD) Given “Neutral” Rating at Seaport Research Partners

TopBuild (NYSE:BLD)‘s stock had its “neutral” rating reaffirmed by research analysts at Seaport Research Partners in a report issued on Tuesday,Benzinga reports.

A number of other research analysts also recently commented on BLD. Weiss Ratings downgraded TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Royal Bank Of Canada boosted their price objective on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, Jefferies Financial Group boosted their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $443.78.

TopBuild Stock Performance

NYSE BLD opened at $360.94 on Tuesday. The business’s 50-day moving average price is $435.72 and its 200 day moving average price is $434.68. TopBuild has a twelve month low of $266.26 and a twelve month high of $559.47. The company has a market capitalization of $10.16 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 4.48 and a beta of 1.78. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.39 by $0.11. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.13 earnings per share. On average, research analysts predict that TopBuild will post 20.97 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

Large investors have recently made changes to their positions in the business. Core Wealth Advisors LLC acquired a new position in shares of TopBuild during the 4th quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in TopBuild during the 3rd quarter valued at $27,000. Parallel Advisors LLC increased its holdings in TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares in the last quarter. Global Retirement Partners LLC increased its holdings in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Finally, First Horizon Corp increased its stake in shares of TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.