Seaport Research Partners Reaffirms “Neutral” Rating for TopBuild (NYSE:BLD)

TopBuild (NYSE:BLD)‘s stock had its “neutral” rating reaffirmed by research analysts at Seaport Research Partners in a research note issued to investors on Tuesday, Marketbeat.com reports.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. DA Davidson dropped their price target on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Zacks Research cut shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Finally, Wells Fargo & Company dropped their price target on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $440.21.

TopBuild Stock Performance

TopBuild stock opened at $382.53 on Tuesday. The firm has a 50 day simple moving average of $431.11 and a 200-day simple moving average of $433.87. TopBuild has a 1-year low of $266.26 and a 1-year high of $559.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 4.48 and a beta of 1.78.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company posted $5.13 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts expect that TopBuild will post 20.97 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently made changes to their positions in the stock. Core Wealth Advisors LLC purchased a new position in shares of TopBuild during the 4th quarter worth approximately $26,000. Advisory Services Network LLC purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $27,000. Parallel Advisors LLC boosted its position in shares of TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares during the period. Global Retirement Partners LLC boosted its position in shares of TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares during the period. Finally, First Horizon Corp boosted its position in shares of TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.