TopBuild (BLD) Given “Buy” Rating at Jefferies Group

Jefferies Group reiterated their buy rating on shares of TopBuild (NYSE:BLD) in a research note released on Monday. They currently have a $91.00 price objective on the construction company’s stock.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded TopBuild from a buy rating to a hold rating in a research note on Friday, January 12th. SunTrust Banks boosted their target price on TopBuild to $82.00 and gave the company a reduce rating in a research note on Wednesday, February 28th. Nomura set a $100.00 target price on TopBuild and gave the company a buy rating in a research note on Tuesday, March 13th. Finally, ValuEngine upgraded TopBuild from a hold rating to a buy rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $78.00.

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Shares of BLD stock opened at $79.01 on Monday. TopBuild has a 1-year low of $48.80 and a 1-year high of $82.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2,745.84, a PE ratio of 27.59 and a beta of 0.57.



TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 27th. The construction company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The firm had revenue of $501.40 million for the quarter, compared to the consensus estimate of $491.80 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. equities research analysts anticipate that TopBuild will post 4.01 EPS for the current year.

In other news, insider Robert M. Buck sold 23,112 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the completion of the sale, the insider now owns 73,917 shares in the company, valued at approximately $5,478,728.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Paul Joachimczyk sold 2,227 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total value of $169,586.05. Following the sale, the vice president now owns 7,699 shares of the company’s stock, valued at approximately $586,278.85. The disclosure for this sale can be found here. Insiders sold 32,271 shares of company stock worth $2,405,043 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Delpha Capital Management LLC bought a new stake in shares of TopBuild during the 4th quarter worth about $144,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TopBuild by 53.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after acquiring an additional 719 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of TopBuild by 148.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after acquiring an additional 1,261 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of TopBuild by 99.6% during the 4th quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of TopBuild during the 4th quarter worth about $205,000. Institutional investors own 94.52% of the company’s stock.

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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.

Analyst Recommendations for TopBuild (NYSE:BLD)

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