TopBuild (NYSE:BLD) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

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. “

Several other research analysts also recently weighed in on BLD. Buckingham Research upped their price objective on shares of TopBuild from $74.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, May 8th. ValuEngine downgraded shares of TopBuild from a buy rating to a hold rating in a report on Tuesday, May 21st. Nomura reiterated a neutral rating and issued a $85.00 target price (down previously from $90.00) on shares of TopBuild in a report on Thursday, May 16th. Zelman & Associates upgraded shares of TopBuild from a hold rating to a buy rating in a report on Friday, August 2nd. Finally, SunTrust Banks increased their target price on shares of TopBuild to $86.00 and gave the company a hold rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $75.14.

BLD opened at $88.71 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 0.67. The company’s fifty day moving average price is $85.63 and its two-hundred day moving average price is $74.48. TopBuild has a 1-year low of $41.27 and a 1-year high of $93.59. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 0.63 and a beta of 0.86.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.15. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. The firm had revenue of $660.10 million for the quarter, compared to the consensus estimate of $670.66 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that TopBuild will post 5.22 earnings per share for the current fiscal year.

In related news, COO Robert M. Buck sold 6,419 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $88.49, for a total transaction of $568,017.31. Following the completion of the transaction, the chief operating officer now owns 40,011 shares in the company, valued at $3,540,573.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John S. Peterson sold 3,124 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $87.36, for a total transaction of $272,912.64. Following the transaction, the chief financial officer now owns 31,708 shares of the company’s stock, valued at approximately $2,770,010.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,442 shares of company stock valued at $3,880,229. 2.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. boosted its stake in TopBuild by 70.3% during the second quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after buying an additional 135 shares during the last quarter. Pearl River Capital LLC raised its position in TopBuild by 542.0% in the first quarter. Pearl River Capital LLC now owns 642 shares of the construction company’s stock valued at $42,000 after purchasing an additional 542 shares during the period. Royal Bank of Canada raised its position in TopBuild by 38.6% in the second quarter. Royal Bank of Canada now owns 805 shares of the construction company’s stock valued at $66,000 after purchasing an additional 224 shares during the period. Private Capital Group LLC raised its position in TopBuild by 253.8% in the second quarter. Private Capital Group LLC now owns 835 shares of the construction company’s stock valued at $65,000 after purchasing an additional 599 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in TopBuild in the second quarter valued at $74,000. Institutional investors own 93.96% of the company’s stock.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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