TopBuild Corp (BLD) Expected to Earn Q1 2017 Earnings of $0.36 Per Share
TopBuild Corp (NYSE:BLD) – Equities researchers at Seaport Global Securities issued their Q1 2017 EPS estimates for TopBuild Corp in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Mccall forecasts that the firm will post earnings per share of $0.36 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $52.00 target price on the stock. Seaport Global Securities also issued estimates for TopBuild Corp’s Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $2.50 EPS and FY2018 earnings at $3.00 EPS.
TopBuild Corp (NYSE:BLD) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. TopBuild Corp had a return on equity of 7.67% and a net margin of 6.44%. The business had revenue of $444.10 million for the quarter, compared to the consensus estimate of $446.67 million. During the same period in the prior year, the business earned $0.52 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis.
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BLD has been the topic of several other reports. Zacks Investment Research cut TopBuild Corp from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Macquarie restated a “neutral” rating on shares of TopBuild Corp in a research report on Wednesday, December 21st. Finally, KeyCorp upgraded TopBuild Corp from a “sector weight” rating to an “overweight” rating and set a $43.00 target price on the stock in a research report on Thursday, January 5th.
Shares of TopBuild Corp (NYSE:BLD) opened at 46.40 on Monday. TopBuild Corp has a 12 month low of $28.39 and a 12 month high of $48.33. The stock has a 50 day moving average price of $40.68 and a 200 day moving average price of $36.22. The stock has a market capitalization of $1.75 billion, a P/E ratio of 24.17 and a beta of 0.55.
Hedge funds have recently bought and sold shares of the stock. Swiss National Bank boosted its stake in TopBuild Corp by 0.7% in the third quarter. Swiss National Bank now owns 60,721 shares of the company’s stock valued at $2,016,000 after buying an additional 400 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of TopBuild Corp by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 454,446 shares of the company’s stock valued at $15,087,000 after buying an additional 3,949 shares during the period. BlackRock Fund Advisors boosted its position in shares of TopBuild Corp by 0.7% in the third quarter. BlackRock Fund Advisors now owns 3,372,048 shares of the company’s stock valued at $111,952,000 after buying an additional 23,789 shares during the period. GMT Capital Corp boosted its position in shares of TopBuild Corp by 7.2% in the third quarter. GMT Capital Corp now owns 771,605 shares of the company’s stock valued at $25,617,000 after buying an additional 52,000 shares during the period. Finally, Suntrust Banks Inc. boosted its position in shares of TopBuild Corp by 68.8% in the third quarter. Suntrust Banks Inc. now owns 14,430 shares of the company’s stock valued at $478,000 after buying an additional 5,881 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.
TopBuild Corp Company Profile
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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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