TopBuild (BLD) Lifted 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 report released on Tuesday. They currently have $86.00 price target 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. “

Other research analysts also recently issued reports about the company. KeyCorp restated an overweight rating on shares of TopBuild in a research note on Friday, November 10th. Jefferies Group began coverage on TopBuild in a research note on Tuesday, December 12th. They issued a buy rating and a $79.00 price target for the company. Nomura upgraded TopBuild from a neutral rating to a buy rating and upped their price target for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. ValuEngine upgraded TopBuild from a hold rating to a buy rating in a research note on Friday, November 10th. Finally, SunTrust Banks restated a buy rating and issued a $75.00 price target on shares of TopBuild in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $68.43.

Shares of TopBuild (NYSE BLD) traded up $0.26 during trading hours on Tuesday, hitting $76.58. The company had a trading volume of 145,000 shares, compared to its average volume of 260,550. The company has a market cap of $2,715.42, a P/E ratio of 37.72 and a beta of 0.61. 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 has a 52 week low of $36.09 and a 52 week high of $78.39.

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

Several hedge funds and other institutional investors have recently bought and sold shares of BLD. Rothschild Asset Management Inc. bought a new position in shares of TopBuild during the 3rd quarter valued at approximately $30,954,000. Westfield Capital Management Co. LP bought a new position in shares of TopBuild during the 2nd quarter valued at approximately $17,832,000. Koch Industries Inc. bought a new position in shares of TopBuild during the 2nd quarter valued at approximately $324,000. Janus Henderson Group PLC bought a new position in shares of TopBuild during the 2nd quarter valued at approximately $11,081,000. Finally, FMR LLC raised its holdings in TopBuild by 7.2% during the 2nd quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after buying an additional 193,582 shares during the period. Hedge funds and other institutional investors own 94.87% of the company’s stock.

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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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