TopBuild (NYSE:BLD) Rating Increased to Buy at Zelman & Associates

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Zelman & Associates upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a report released on Friday morning, The Fly reports.

A number of other brokerages also recently commented on BLD. Zacks Investment Research raised shares of TopBuild from a hold rating to a buy rating and set a $79.00 price objective for the company in a research report on Tuesday, April 30th. ValuEngine downgraded shares of TopBuild from a buy rating to a hold rating in a report on Tuesday, May 21st. Buckingham Research lifted their target price on shares of TopBuild from $74.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Nomura reaffirmed a neutral rating and set a $85.00 target price (down previously from $90.00) on shares of TopBuild in a report on Thursday, May 16th. Finally, SunTrust Banks lifted their target price on shares of TopBuild to $86.00 and gave the stock a hold rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $77.50.

Shares of BLD opened at $87.85 on Friday. The company has a 50-day moving average price of $81.67. TopBuild has a one year low of $41.27 and a one year high of $90.05. The company has a market cap of $3.08 billion, a P/E ratio of 20.97, a PEG ratio of 0.63 and a beta of 0.86. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 0.67.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. The company had revenue of $660.10 million during the quarter, compared to the consensus estimate of $670.66 million. During the same quarter last year, the firm posted $1.06 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that TopBuild will post 5.2 earnings per share for the current year.

In related news, VP John S. Peterson sold 4,000 shares of TopBuild stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $86.37, for a total transaction of $345,480.00. Following the completion of the sale, the vice president now owns 30,046 shares of the company’s stock, valued at approximately $2,595,073.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Buck sold 5,877 shares of TopBuild stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $81.31, for a total transaction of $477,858.87. Following the sale, the insider now directly owns 51,911 shares of the company’s stock, valued at approximately $4,220,883.41. The disclosure for this sale can be found here. Insiders have sold a total of 65,583 shares of company stock valued at $5,357,878 in the last ninety days. 2.30% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of BLD. Westfield Capital Management Co. LP acquired a new stake in TopBuild in the 1st quarter worth about $35,170,000. Norges Bank acquired a new stake in TopBuild in the 4th quarter worth about $20,513,000. Eagle Asset Management Inc. acquired a new stake in TopBuild in the 1st quarter worth about $7,796,000. American Century Companies Inc. raised its stake in TopBuild by 111.2% in the 4th quarter. American Century Companies Inc. now owns 152,985 shares of the construction company’s stock worth $6,884,000 after purchasing an additional 80,547 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in TopBuild by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,253,434 shares of the construction company’s stock worth $101,405,000 after purchasing an additional 80,206 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

TopBuild Company Profile

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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Analyst Recommendations for TopBuild (NYSE:BLD)

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