TopBuild (BLD) Upgraded to “Hold” by Zacks Investment Research

TopBuild (NYSE:BLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

BLD has been the subject of several other research reports. KeyCorp set a $67.00 price objective on TopBuild and gave the company a “buy” rating in a report on Monday, November 12th. SunTrust Banks cut their target price on TopBuild to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 7th. ValuEngine raised TopBuild from a “strong sell” rating to a “sell” rating in a research report on Friday, December 21st. Finally, Nomura set a $66.00 target price on TopBuild and gave the stock a “buy” rating in a research report on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $79.90.



Shares of TopBuild stock traded down $0.21 during trading on Tuesday, hitting $57.87. The stock had a trading volume of 231,573 shares, compared to its average volume of 259,073. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 0.51 and a beta of 1.04. TopBuild has a fifty-two week low of $41.27 and a fifty-two week high of $87.21.

Several institutional investors have recently made changes to their positions in BLD. Capital Research Global Investors acquired a new position in TopBuild during the third quarter valued at $59,661,000. Marshall Wace LLP acquired a new position in TopBuild during the third quarter valued at $31,403,000. Brown Advisory Inc. raised its position in TopBuild by 93.8% during the third quarter. Brown Advisory Inc. now owns 1,050,370 shares of the construction company’s stock valued at $59,681,000 after buying an additional 508,371 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in TopBuild by 109.7% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 610,368 shares of the construction company’s stock valued at $27,467,000 after buying an additional 319,342 shares during the period. Finally, BlackRock Inc. raised its position in TopBuild by 2.3% during the third quarter. BlackRock Inc. now owns 5,438,637 shares of the construction company’s stock valued at $309,024,000 after buying an additional 123,898 shares during the period. 94.65% of the stock is currently owned by institutional investors.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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