Analysts at Jefferies Group began coverage on shares of TopBuild (NYSE:BLD) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the construction company’s stock.
BLD has been the topic of several other research reports. BidaskClub lowered TopBuild from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Nomura lifted their target price on TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. SunTrust Banks reiterated a “buy” rating and issued a $75.00 target price on shares of TopBuild in a research note on Wednesday, October 4th. Finally, KeyCorp reiterated an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. TopBuild presently has a consensus rating of “Buy” and an average price target of $60.67.
Shares of TopBuild (BLD) opened at $64.55 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2,319.42, a PE ratio of 25.57 and a beta of 0.61. TopBuild has a fifty-two week low of $35.31 and a fifty-two week high of $69.34.
TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. research analysts anticipate that TopBuild will post 2.74 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Flinton Capital Management LLC grew its stake in shares of TopBuild by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after acquiring an additional 752 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of TopBuild during the second quarter worth about $111,000. Schroder Investment Management Group purchased a new stake in shares of TopBuild during the second quarter worth about $121,000. Riverhead Capital Management LLC grew its stake in shares of TopBuild by 72.1% during the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after acquiring an additional 1,297 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of TopBuild during the third quarter worth about $217,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
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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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