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.
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.
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