TopBuild (NYSE:BLD) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Zacks Research upgraded TopBuild from a "strong sell" to a "hold" rating in a report issued Wednesday, signaling a less negative outlook on the stock.
• Analyst sentiment is mixed but leans toward caution with a consensus "Hold" rating and an average price target of $466.77 amid several recent target and rating changes.
• TopBuild beat last quarter's estimates—EPS $3.75 vs. $3.64 and revenue $1.45B vs. $1.41B (revenue up 17.2% year‑over‑year)—though EPS declined from $4.63 in the prior-year quarter.

TopBuild (NYSE:BLD - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of TopBuild from $525.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. UBS Group set a $440.00 price objective on shares of TopBuild in a research report on Wednesday. DA Davidson reaffirmed a "neutral" rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a "sector perform" rating in a research report on Friday, February 27th. Finally, Loop Capital downgraded shares of TopBuild from a "buy" rating to a "hold" rating and set a $485.00 price objective for the company. in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, TopBuild presently has a consensus rating of "Hold" and an average price target of $466.77.

TopBuild Stock Performance

Shares of TopBuild stock opened at $428.44 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.34 and a current ratio of 2.00. TopBuild has a 1 year low of $273.87 and a 1 year high of $559.47. The firm's 50-day simple moving average is $398.65 and its 200-day simple moving average is $436.63. The firm has a market cap of $12.06 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 5.51 and a beta of 1.85.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $4.63 EPS. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts forecast that TopBuild will post 18.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in TopBuild in the 4th quarter worth about $26,000. Advisory Services Network LLC bought a new position in TopBuild in the 3rd quarter worth about $27,000. Parallel Advisors LLC grew its position in TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company's stock worth $31,000 after purchasing an additional 25 shares during the last quarter. Global Retirement Partners LLC grew its position in TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company's stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in TopBuild in the 3rd quarter worth about $34,000. Institutional investors own 95.67% of the company's stock.

About TopBuild

TopBuild Corp. NYSE: BLD is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild's core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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