TopBuild (NYSE:BLD) Downgraded by StockNews.com

StockNews.com lowered shares of TopBuild (NYSE:BLD) from a buy rating to a hold rating in a research report released on Wednesday morning.

BLD has been the subject of a number of other reports. Benchmark upped their target price on TopBuild from $450.00 to $470.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Jefferies Financial Group upped their target price on TopBuild from $486.00 to $536.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Evercore ISI upped their target price on TopBuild from $529.00 to $555.00 and gave the company an outperform rating in a research report on Monday, July 15th. Finally, Stephens reissued an equal weight rating and issued a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, TopBuild currently has a consensus rating of Moderate Buy and a consensus price target of $461.89.

TopBuild Trading Down 3.8 %

BLD opened at $436.09 on Wednesday. TopBuild has a one year low of $217.08 and a one year high of $495.68. The company has a market cap of $13.88 billion, a P/E ratio of 21.98, a PEG ratio of 2.21 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The business’s 50-day simple moving average is $415.70 and its 200-day simple moving average is $407.36.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $4.36 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that TopBuild will post 21.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the sale, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the sale, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,340 shares of company stock valued at $3,407,994. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. purchased a new position in TopBuild in the 1st quarter valued at approximately $16,158,000. Nordea Investment Management AB increased its stake in TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after purchasing an additional 28,395 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in TopBuild in the 4th quarter valued at approximately $221,000. Finally, International Assets Investment Management LLC increased its position in TopBuild by 8,850.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock worth $1,541,000 after buying an additional 4,071 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.