TopBuild Corp. (NYSE:BLD) – Equities researchers at KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of TopBuild Corp. in a report released on Thursday. KeyCorp analyst K. Zener now expects that the construction company will earn $2.80 per share for the year, up from their prior estimate of $2.75. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for TopBuild Corp.’s FY2018 earnings at $3.50 EPS.
A number of other equities analysts have also issued reports on BLD. Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Thursday, August 10th. BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a research note on Wednesday, October 4th. Nomura raised their target price on TopBuild Corp. from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded TopBuild Corp. from a “hold” rating to a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. TopBuild Corp. has an average rating of “Buy” and a consensus price target of $60.67.
TopBuild Corp. (NYSE:BLD) opened at $64.12 on Monday. The stock has a market capitalization of $2,281.35, a price-to-earnings ratio of 25.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. TopBuild Corp. has a 52 week low of $34.27 and a 52 week high of $67.27.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. The firm had revenue of $489.04 million during the quarter, compared to analyst estimates of $491.43 million. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year.
Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of TopBuild Corp. by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock valued at $250,000 after acquiring an additional 49 shares during the period. UBS Group AG grew its position in shares of TopBuild Corp. by 1.7% during the 1st quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock valued at $386,000 after acquiring an additional 137 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of TopBuild Corp. by 1.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,193 shares of the construction company’s stock valued at $594,000 after acquiring an additional 162 shares during the period. Nisa Investment Advisors LLC grew its position in shares of TopBuild Corp. by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock valued at $1,552,000 after acquiring an additional 200 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of TopBuild Corp. by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after acquiring an additional 596 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the transaction, the chief executive officer now owns 149,201 shares in the company, valued at approximately $8,476,108.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
About TopBuild Corp.
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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