TopBuild Corp. (BLD) Earns “Overweight” Rating from KeyCorp

TopBuild Corp. (NYSE:BLD)‘s stock had its “overweight” rating reiterated by equities research analysts at KeyCorp in a research report issued on Friday, Marketbeat.com reports. KeyCorp also issued estimates for TopBuild Corp.’s FY2017 earnings at $2.80 EPS and FY2018 earnings at $3.50 EPS.

A number of other analysts have also recently weighed in on the company. Nomura raised their price objective on TopBuild Corp. from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a research report on Wednesday, October 4th. BidaskClub cut TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $60.67.

TopBuild Corp. (NYSE BLD) opened at $64.12 on Friday. TopBuild Corp. has a fifty-two week low of $34.27 and a fifty-two week high of $67.27. The stock has a market capitalization of $2,281.33, 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 1.25.

TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 9.88% and a net margin of 4.03%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. sell-side analysts anticipate that TopBuild Corp. will post 2.74 earnings per share for the current fiscal year.

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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 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 hyperlink. Insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in TopBuild Corp. by 113.7% during the 3rd quarter. Wells Fargo & Company MN now owns 89,093 shares of the construction company’s stock worth $5,807,000 after acquiring an additional 47,402 shares during the period. JPMorgan Chase & Co. lifted its position in TopBuild Corp. by 95.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,824 shares of the construction company’s stock worth $13,180,000 after acquiring an additional 100,094 shares during the period. ETRADE Capital Management LLC lifted its position in TopBuild Corp. by 34.9% during the 3rd quarter. ETRADE Capital Management LLC now owns 21,463 shares of the construction company’s stock worth $1,399,000 after acquiring an additional 5,552 shares during the period. Sawgrass Asset Management LLC acquired a new stake in TopBuild Corp. during the 3rd quarter worth about $925,000. Finally, American International Group Inc. lifted its position in TopBuild Corp. by 5.1% during the 3rd quarter. American International Group Inc. now owns 29,071 shares of the construction company’s stock worth $1,895,000 after acquiring an additional 1,406 shares during the period. 91.72% of the stock is owned by institutional investors.

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.

Analyst Recommendations for TopBuild Corp. (NYSE:BLD)

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