TopBuild Corp. (BLD) Upgraded to “Hold” by Zacks Investment Research
TopBuild Corp. (NYSE:BLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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, hitting $32.93. 213,916 shares of the company’s stock were exchanged. 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. TopBuild Corp. has a 1-year low of $23.02 and a 1-year high of $38.94.
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TopBuild Corp. (NYSE:BLD) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. TopBuild Corp. had a net margin of 6.07% and a return on equity of 7.36%. The company earned $432 million during the quarter, compared to analyst estimates of $446.65 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. TopBuild Corp.’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that TopBuild Corp. will post ($0.14) earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in TopBuild Corp. during the second quarter valued at approximately $107,000. Advisor Group Inc. acquired a new position in TopBuild Corp. during the second quarter valued at approximately $118,000. Independent Portfolio Consultants Inc. acquired a new position in TopBuild Corp. during the second quarter valued at approximately $145,000. KBC Group NV acquired a new position in TopBuild Corp. during the second quarter valued at approximately $153,000. Finally, PineBridge Investments L.P. increased its position in TopBuild Corp. by 5.5% in the second quarter. PineBridge Investments L.P. now owns 4,878 shares of the company’s stock valued at $177,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 93.49% of the company’s stock.
About TopBuild Corp.
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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