TopBuild (NYSE:BLD) Downgraded by StockNews.com

TopBuild (NYSE:BLD - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

BLD has been the subject of a number of other reports. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Evercore ISI lowered their price objective on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Stephens dropped their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. DA Davidson decreased their target price on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted their price objective on TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $449.00.

TopBuild Price Performance

NYSE:BLD traded up $0.12 during trading hours on Tuesday, hitting $406.93. 159,536 shares of the stock traded hands, compared to its average volume of 290,510. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. TopBuild has a 1 year low of $217.08 and a 1 year high of $495.68. The stock has a 50 day moving average price of $398.84 and a 200 day moving average price of $406.99. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the business posted $5.25 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that TopBuild will post 21.18 EPS for the current fiscal year.

Institutional Trading of TopBuild

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in TopBuild in the first quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild in the second quarter valued at approximately $30,000. Rise Advisors LLC purchased a new position in TopBuild in the first quarter worth $37,000. Headlands Technologies LLC purchased a new position in TopBuild during the 1st quarter worth $56,000. Finally, Newbridge Financial Services Group Inc. increased its position in TopBuild by 2,300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company's stock valued at $99,000 after buying an additional 253 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.