TopBuild (NYSE:BLD) Cut to Hold at Seaport Res Ptn

TopBuild (NYSE:BLD - Get Free Report) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on BLD. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $440.44.

TopBuild Stock Down 3.6 %

NYSE:BLD traded down $12.89 on Friday, hitting $344.27. 267,755 shares of the company's stock were exchanged, compared to its average volume of 287,178. The firm has a 50-day moving average price of $375.48 and a 200-day moving average price of $393.12. TopBuild has a 52 week low of $340.13 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $10.16 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.43 earnings per share. As a group, analysts expect that TopBuild will post 20.95 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Several institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the 2nd quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the third quarter worth $31,000. Kennebec Savings Bank acquired a new position in TopBuild in the third quarter valued at about $45,000. Quantbot Technologies LP bought a new stake in TopBuild during the third quarter worth about $45,000. Finally, UMB Bank n.a. grew its stake in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares in the last quarter. 95.67% of the stock is currently 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.