TopBuild (NYSE:BLD) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research note published on Tuesday.

Other equities research analysts also recently issued research reports about the stock. DA Davidson lowered their price objective on shares of TopBuild from $470.00 to $460.00 and set a buy rating on the stock in a research note on Friday, August 9th. Evercore ISI reduced their target price on shares of TopBuild from $555.00 to $489.00 and set an outperform rating for the company in a research note on Wednesday, August 7th. Truist Financial lowered their price target on TopBuild from $410.00 to $395.00 and set a hold rating on the stock in a research note on Wednesday, August 7th. Stephens reduced their price objective on TopBuild from $435.00 to $400.00 and set an equal weight rating for the company in a research report on Thursday, August 8th. Finally, Jefferies Financial Group boosted their price objective on TopBuild from $486.00 to $536.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $449.00.

TopBuild Stock Down 3.2 %

TopBuild stock opened at $385.85 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The firm has a fifty day moving average price of $397.23 and a two-hundred day moving average price of $406.91. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.53 and a beta of 1.77.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.25 EPS. As a group, analysts forecast that TopBuild will post 21.18 earnings per share for the current year.

Institutional Trading of TopBuild

Several hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild during the 2nd quarter worth about $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild during the first quarter worth approximately $31,000. Rise Advisors LLC bought a new stake in shares of TopBuild during the first quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new stake in shares of TopBuild in the first quarter valued at approximately $56,000. Finally, Newbridge Financial Services Group Inc. raised its position in TopBuild by 2,300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock worth $99,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About TopBuild

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.