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

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

Several other research firms also recently weighed in on BLD. Stephens dropped their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Jefferies Financial Group dropped their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday. Evercore ISI dropped their target price on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Truist Financial dropped their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson dropped their target price on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $446.67.

TopBuild Price Performance

Shares of BLD traded up $0.65 during trading hours on Friday, reaching $386.21. The company had a trading volume of 190,858 shares, compared to its average volume of 287,331. The firm has a 50 day simple moving average of $387.90 and a 200-day simple moving average of $405.32. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.45 and a beta of 1.77. TopBuild has a 12-month low of $217.08 and a 12-month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.25 EPS. Research analysts expect that TopBuild will post 21.08 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently modified their holdings of BLD. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock worth $140,993,000 after purchasing an additional 130,563 shares during the last quarter. Liontrust Investment Partners LLP boosted its position in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Forge First Asset Management Inc. acquired a new stake in shares of TopBuild in the first quarter worth approximately $16,158,000. Distillate Capital Partners LLC acquired a new stake in shares of TopBuild in the second quarter worth approximately $13,832,000. Finally, Vident Advisory LLC acquired a new stake in shares of TopBuild in the first quarter worth approximately $13,707,000. 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.