TopBuild (BLD) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a research note published on Tuesday morning. They currently have $86.00 price objective on the construction company’s stock.

According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “

Several other brokerages have also commented on BLD. ValuEngine lowered shares of TopBuild from a buy rating to a hold rating in a research note on Friday, December 1st. Nomura lifted their price target on shares of TopBuild from $58.00 to $61.00 and gave the stock a neutral rating in a research note on Wednesday, November 8th. SunTrust Banks reiterated a buy rating and set a $75.00 price target on shares of TopBuild in a research note on Wednesday, October 4th. Jefferies Group started coverage on shares of TopBuild in a research note on Tuesday, December 12th. They set a buy rating and a $79.00 price target on the stock. Finally, KeyCorp reiterated an overweight rating on shares of TopBuild in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $68.43.

TopBuild (BLD) traded down $2.15 during trading on Tuesday, hitting $74.74. 380,700 shares of the stock traded hands, compared to its average volume of 279,040. The stock has a market cap of $2,735.70, a PE ratio of 36.82 and a beta of 0.61. TopBuild has a 1-year low of $36.09 and a 1-year high of $78.39. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. sell-side analysts expect that TopBuild will post 2.75 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Flinton Capital Management LLC increased its stake in TopBuild by 66.2% in the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after purchasing an additional 752 shares during the period. Schroder Investment Management Group acquired a new position in TopBuild in the second quarter valued at $121,000. Riverhead Capital Management LLC increased its stake in TopBuild by 72.1% in the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after purchasing an additional 1,297 shares during the period. Victory Capital Management Inc. increased its stake in TopBuild by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after purchasing an additional 596 shares during the period. Finally, M&T Bank Corp acquired a new position in TopBuild in the second quarter valued at $213,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

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TopBuild Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Analyst Recommendations for TopBuild (NYSE:BLD)

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