TopBuild Corp. (NYSE:BLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Shares of TopBuild Corp. (NYSE:BLD) traded up 1.14% during trading on Wednesday, reaching $32.93. 213,916 shares of the company’s stock were exchanged. TopBuild Corp. has a 52-week low of $23.02 and a 52-week high of $38.94. The stock’s 50 day moving average price is $34.17 and its 200-day moving average price is $33.83. The stock has a market cap of $1.27 billion, a PE ratio of 12.17 and a beta of 0.17.

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TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. TopBuild Corp. had a return on equity of 7.36% and a net margin of 6.07%. The firm had revenue of $432 million for the quarter, compared to the consensus estimate of $446.65 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post ($0.14) EPS for the current year.

Hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. purchased a new stake in shares of TopBuild Corp. during the fourth quarter worth $2,110,000. Norges Bank purchased a new stake in shares of TopBuild Corp. during the fourth quarter worth $9,939,000. VNBTrust National Association purchased a new stake in shares of TopBuild Corp. during the first quarter worth $1,307,000. Nisa Investment Advisors L.L.C. purchased a new stake in shares of TopBuild Corp. during the first quarter worth $715,000. Finally, Prudential Financial Inc. increased its stake in shares of TopBuild Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 89,031 shares of the company’s stock worth $2,648,000 after buying an additional 2,900 shares during the period. 93.49% of the stock is owned by institutional investors.

TopBuild Corp. 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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.

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