TopBuild (NYSE:BLD) Lowered to “Strong Sell” Rating by Zacks Research

TopBuild (NYSE:BLD) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

BLD has been the subject of a number of other reports. Benchmark lowered their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Evercore lowered their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th. DA Davidson reaffirmed a “buy” rating and set a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group increased their target price on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $439.26.

TopBuild Price Performance

Shares of TopBuild stock traded down $1.79 during midday trading on Tuesday, hitting $419.69. 5,587 shares of the company traded hands, compared to its average volume of 314,887. The firm’s fifty day moving average price is $480.16 and its 200-day moving average price is $444.26. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 5.21 and a beta of 1.72. TopBuild has a 12 month low of $266.26 and a 12 month high of $559.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94.

TopBuild (NYSE:BLD) last issued its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.13 EPS. As a group, sell-side analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Inscription Capital LLC lifted its position in TopBuild by 104.6% in the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock worth $1,153,000 after buying an additional 1,508 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of TopBuild during the 3rd quarter valued at $997,000. WCM Investment Management LLC purchased a new position in TopBuild in the 3rd quarter worth $17,734,000. Campbell & CO Investment Adviser LLC grew its stake in shares of TopBuild by 697.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock valued at $3,090,000 after buying an additional 6,915 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of TopBuild by 244.2% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company’s stock valued at $36,698,000 after acquiring an additional 66,601 shares during the last quarter. Hedge funds and other 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.