TopBuild (NYSE:BLD) Downgraded by DA Davidson to “Hold”

DA Davidson cut shares of TopBuild (NYSE:BLD) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Wells Fargo & Company lowered their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. UBS Group set a $440.00 target price on shares of TopBuild in a report on Wednesday. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Royal Bank Of Canada raised their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Benchmark lowered their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $456.28.

TopBuild Price Performance

BLD stock opened at $438.97 on Wednesday. TopBuild has a 52 week low of $273.87 and a 52 week high of $559.47. The company has a quick ratio of 1.34, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $400.28 and a two-hundred day simple moving average of $436.68. The firm has a market capitalization of $12.36 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 5.39 and a beta of 1.85.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $4.63 earnings per share. TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that TopBuild will post 18.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several institutional investors have recently made changes to their positions in BLD. Victory Capital Management Inc. lifted its holdings in shares of TopBuild by 464.5% in the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after acquiring an additional 639,915 shares during the last quarter. Capital International Investors increased its stake in TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after buying an additional 630,857 shares during the period. Orion Porfolio Solutions LLC increased its stake in TopBuild by 7,961.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after buying an additional 390,838 shares during the period. Norges Bank purchased a new position in TopBuild in the 4th quarter worth about $104,947,000. Finally, Artisan Partners Limited Partnership purchased a new position in TopBuild in the 4th quarter worth about $101,450,000. Institutional investors 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.