TopBuild (NYSE:BLD) Stock Rating Lowered by Seaport Res Ptn

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

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

TopBuild Trading Down 3.6 %

Shares of BLD stock opened at $344.27 on Friday. The stock has a market cap of $10.16 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild has a fifty-two week low of $340.13 and a fifty-two week high of $495.68. The business has a fifty day simple moving average of $375.48 and a 200-day simple moving average of $393.12.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $5.43 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that TopBuild will post 20.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its holdings in shares of TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after purchasing an additional 23 shares during the period. CIBC Asset Management Inc grew its stake in TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after buying an additional 30 shares during the period. Fifth Third Bancorp increased its position in shares of TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after acquiring an additional 31 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in shares of TopBuild by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after acquiring an additional 31 shares during the period. Finally, TFG Advisers LLC lifted its holdings in shares of TopBuild by 1.1% during the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds 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.