TopBuild (NYSE:BLD) Stock Rating Upgraded by Zacks Research

TopBuild (NYSE:BLD) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on BLD. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. DA Davidson reiterated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday. Finally, Benchmark decreased their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, TopBuild currently has a consensus rating of “Hold” and a consensus target price of $466.77.

TopBuild Stock Performance

NYSE BLD opened at $428.44 on Wednesday. TopBuild has a 1-year low of $273.87 and a 1-year high of $559.47. The company has a 50 day moving average of $398.65 and a 200-day moving average of $436.63. The company has a current ratio of 2.00, a quick ratio of 1.34 and a debt-to-equity ratio of 1.16. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 5.51 and a beta of 1.85.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.63 EPS. On average, equities analysts forecast that TopBuild will post 18.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several hedge funds and other institutional investors have recently made changes to their positions in BLD. Dimensional Fund Advisors LP raised its position in shares of TopBuild by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 500,306 shares of the construction company’s stock worth $175,720,000 after acquiring an additional 2,703 shares during the last quarter. KBC Group NV lifted its stake in shares of TopBuild by 8.4% during the first quarter. KBC Group NV now owns 875 shares of the construction company’s stock valued at $307,000 after acquiring an additional 68 shares during the period. Regents Gate Capital LLP bought a new position in TopBuild in the first quarter valued at about $4,656,000. Vision Retirement LLC increased its position in TopBuild by 252.5% in the first quarter. Vision Retirement LLC now owns 2,115 shares of the construction company’s stock worth $743,000 after purchasing an additional 1,515 shares during the period. Finally, AIA Group Ltd increased its position in TopBuild by 1.3% in the first quarter. AIA Group Ltd now owns 1,961 shares of the construction company’s stock worth $689,000 after purchasing an additional 25 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.