KeyCorp upgraded shares of TopBuild Corp. (NYSE:BLD) from a sector weight rating to an overweight rating in a research note released on Thursday morning. They currently have $43.00 target price on the stock.

Several other research analysts also recently issued reports on BLD. Zacks Investment Research downgraded TopBuild Corp. from a hold rating to a sell rating in a research note on Thursday, September 8th. Macquarie reaffirmed a neutral rating on shares of TopBuild Corp. in a research note on Wednesday, December 21st.

TopBuild Corp. (NYSE:BLD) opened at 37.24 on Thursday. The firm has a 50-day moving average of $37.01 and a 200-day moving average of $34.94. TopBuild Corp. has a 52 week low of $23.02 and a 52 week high of $39.51. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 12.77 and a beta of 0.54.

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TopBuild Corp. (NYSE:BLD) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. TopBuild Corp. had a return on equity of 7.67% and a net margin of 6.44%. The company earned $453 million during the quarter, compared to the consensus estimate of $22.38 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that TopBuild Corp. will post $1.94 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in BLD. Louisiana State Employees Retirement System increased its stake in TopBuild Corp. by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the company’s stock worth $615,000 after buying an additional 200 shares in the last quarter. Rutabaga Capital Management LLC MA increased its stake in TopBuild Corp. by 29.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 326,932 shares of the company’s stock worth $11,835,000 after buying an additional 75,250 shares in the last quarter. BlackRock Advisors LLC increased its stake in TopBuild Corp. by 303.0% in the second quarter. BlackRock Advisors LLC now owns 75,439 shares of the company’s stock worth $2,731,000 after buying an additional 56,721 shares in the last quarter. BlackRock Fund Advisors increased its stake in TopBuild Corp. by 0.7% in the third quarter. BlackRock Fund Advisors now owns 3,372,048 shares of the company’s stock worth $111,952,000 after buying an additional 23,789 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in TopBuild Corp. by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 454,446 shares of the company’s stock worth $15,087,000 after buying an additional 3,949 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

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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