TopBuild (NYSE:BLD) Downgraded by Seaport Res Ptn to “Hold”

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

BLD has been the subject of a number of other research reports. Evercore ISI reduced their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group lowered their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Down 3.6 %

Shares of TopBuild stock opened at $344.27 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $375.48 and a 200-day simple moving average of $393.12. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.31 and a beta of 1.79. TopBuild has a 12-month low of $340.13 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) 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 company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $5.43 earnings per share. TopBuild’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts forecast that TopBuild will post 20.95 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp lifted its holdings in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after acquiring an additional 34,911 shares during the period. Geode Capital Management LLC boosted its position in shares of TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares in the last quarter. Liontrust Investment Partners LLP grew its stake in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after purchasing an additional 57,880 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild in the 3rd quarter valued at about $114,220,000. Hedge funds and other institutional investors 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.