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

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

Several other analysts have also recently commented on BLD. Stephens restated an equal weight rating and issued a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. Evercore ISI raised 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. Benchmark raised 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. Finally, Jefferies Financial Group raised 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $461.89.

TopBuild Stock Down 3.8 %

Shares of TopBuild stock opened at $435.80 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $415.70 and its 200-day simple moving average is $407.64. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.10 and a beta of 1.76. TopBuild has a twelve month low of $217.08 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.36 EPS. Equities research analysts forecast that TopBuild will post 21.63 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Nancy M. Taylor sold 300 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at $2,461,595.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were 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 in the company, valued at $2,461,595.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,340 shares of company stock worth $3,407,994. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On TopBuild

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its position in TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after buying an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. acquired a new stake in TopBuild during the first quarter worth about $16,158,000. Nordea Investment Management AB grew its position in TopBuild by 4,820.9% during the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock worth $12,825,000 after buying an additional 28,395 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in TopBuild during the fourth quarter worth about $221,000. Finally, International Assets Investment Management LLC grew 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 institutional investors and hedge funds.

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.