TopBuild (NYSE:BLD) Downgraded by Evercore ISI to Inline

TopBuild (NYSE:BLD) was downgraded by analysts at Evercore ISI from an “outperform” rating to an “inline” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. They presently have a $381.00 price objective on the construction company’s stock, down from their previous price objective of $443.00. Evercore ISI’s price objective points to a potential upside of 10.67% from the company’s previous close.

A number of other equities analysts have also commented on BLD. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group lowered 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, StockNews.com raised shares of 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 issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Price Performance

TopBuild stock opened at $344.27 on Monday. The company has a market capitalization of $10.16 billion, a PE ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $375.48 and a two-hundred day moving average price of $393.01. TopBuild has a 12 month low of $340.13 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.43 EPS. Analysts expect that TopBuild will post 20.95 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares during the last quarter. State Street Corp grew its position in TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares in the last quarter. Geode Capital Management LLC increased its stake in TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after buying an additional 12,909 shares during the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild during the third quarter worth $114,220,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.