TopBuild (NYSE:BLD) Lowered to Inline Rating by Evercore ISI

Evercore ISI downgraded shares of TopBuild (NYSE:BLD - Free Report) from an outperform rating to an inline rating in a research note issued to investors on Monday morning, Marketbeat reports. They currently have $381.00 target price on the construction company's stock, down from their previous target price of $443.00.

Several other research firms have also recently commented on BLD. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $439.38.

TopBuild Stock Performance

TopBuild stock traded down $4.31 during midday trading on Monday, hitting $339.96. 390,743 shares of the company's stock were exchanged, compared to its average volume of 287,606. TopBuild has a 12-month low of $335.28 and a 12-month high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm's 50 day simple moving average is $375.48 and its 200 day simple moving average is $393.01. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 17.10, 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 data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $5.43 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that TopBuild will post 20.95 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Several large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in TopBuild during the third quarter worth approximately $31,000. World Investment Advisors LLC bought a new stake in shares of TopBuild during the 3rd quarter worth $54,000. Anchor Investment Management LLC grew its holdings in shares of TopBuild by 10.3% in the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company's stock worth $361,000 after acquiring an additional 83 shares during the last quarter. Fortem Financial Group LLC grew its holdings in shares of TopBuild by 450.8% in the 3rd quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock worth $2,129,000 after acquiring an additional 4,283 shares during the last quarter. Finally, TT International Asset Management LTD raised its position in shares of TopBuild by 199.5% during the third quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company's stock worth $5,730,000 after purchasing an additional 9,383 shares during the period. Institutional investors own 95.67% of the company's stock.

About TopBuild

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.