TopBuild Corp. (NYSE:BLD) – Research analysts at KeyCorp increased their FY2017 EPS estimates for TopBuild Corp. in a report issued on Thursday. KeyCorp analyst K. Zener now anticipates that the construction company will earn $2.80 per share for the year, up from their prior estimate of $2.75. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for TopBuild Corp.’s FY2018 earnings at $3.50 EPS.
TopBuild Corp. (NYSE:BLD) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. TopBuild Corp. had a net margin of 4.03% and a return on equity of 9.88%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share.
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BLD has been the subject of a number of other research reports. ValuEngine upgraded shares of TopBuild Corp. from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Nomura raised their price objective on shares of TopBuild Corp. from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a report on Thursday, August 10th. BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $60.67.
TopBuild Corp. (BLD) opened at $64.50 on Monday. The company has a market cap of $2,246.84, a PE ratio of 24.76 and a beta of 0.62. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. TopBuild Corp. has a fifty-two week low of $35.31 and a fifty-two week high of $67.27.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC lifted its stake in TopBuild Corp. by 66.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after acquiring an additional 752 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in TopBuild Corp. during the 2nd quarter valued at $111,000. Schroder Investment Management Group bought a new position in TopBuild Corp. during the 2nd quarter valued at $121,000. Riverhead Capital Management LLC lifted its stake in TopBuild Corp. by 72.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after acquiring an additional 1,297 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in TopBuild Corp. during the 3rd quarter valued at $217,000. 95.86% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the sale, the chief executive officer now owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
TopBuild Corp. Company Profile
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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