TopBuild (NYSE:BLD) Rating Lowered to “Inline” at Evercore ISI

TopBuild (NYSE:BLD) was downgraded by equities researchers at Evercore ISI from an “outperform” rating to an “inline” rating in a report released on Monday,Briefing.com Automated Import reports. They currently have a $381.00 target price on the construction company’s stock, down from their previous target price of $443.00. Evercore ISI’s price target points to a potential upside of 10.67% from the stock’s current price.

BLD has been the subject of several other reports. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Price Performance

BLD opened at $344.27 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a 52-week low of $340.13 and a 52-week high of $495.68. The stock has a market capitalization of $10.16 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. The company’s 50-day simple moving average is $375.48 and its two-hundred day simple moving average is $393.01.

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

Hedge Funds Weigh In On TopBuild

Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in TopBuild in the 3rd quarter worth about $31,000. World Investment Advisors LLC bought a new position in shares of TopBuild during the 3rd quarter worth $54,000. Anchor Investment Management LLC increased its stake in shares of TopBuild by 10.3% during the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after buying an additional 83 shares during the period. Fortem Financial Group LLC increased its stake in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock valued at $2,129,000 after buying an additional 4,283 shares during the period. Finally, TT International Asset Management LTD raised its holdings in shares of TopBuild by 199.5% in the third quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company’s stock valued at $5,730,000 after acquiring an additional 9,383 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

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.