TopBuild (BLD) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a report published on Friday. The brokerage currently has $85.00 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. “

A number of other equities research analysts also recently issued reports on the company. KeyCorp reissued an overweight rating on shares of TopBuild in a research report on Friday, November 10th. Nomura raised TopBuild from a neutral rating to a buy rating and increased their price target for the stock from $69.00 to $78.00 in a research report on Monday, December 18th. ValuEngine downgraded TopBuild from a buy rating to a hold rating in a research report on Friday, December 1st. Jefferies Group started coverage on TopBuild in a research report on Tuesday, December 12th. They set a buy rating and a $79.00 price target on the stock. Finally, SunTrust Banks reaffirmed a buy rating and issued a $75.00 target price on shares of TopBuild in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. TopBuild presently has an average rating of Buy and an average price target of $68.29.

Shares of TopBuild (NYSE BLD) opened at $76.43 on Friday. The stock has a market capitalization of $2,720.00 and a P/E ratio of 37.65. TopBuild has a 12-month low of $36.09 and a 12-month high of $77.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.36.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million for the quarter, compared to the consensus estimate of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. analysts forecast that TopBuild will post 2.75 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC boosted its holdings in shares of TopBuild by 66.2% in the 2nd 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 in the last quarter. Schroder Investment Management Group acquired a new stake in shares of TopBuild in the 2nd quarter valued at $121,000. Riverhead Capital Management LLC boosted its holdings in shares of TopBuild by 72.1% in the 2nd 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 in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of TopBuild in the 3rd quarter valued at $217,000. Finally, DE Burlo Group Inc. acquired a new stake in shares of TopBuild in the 3rd quarter valued at $230,000. 94.87% of the stock is currently owned by hedge funds and other institutional investors.

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About TopBuild

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.

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