SunTrust Banks Equities Analysts Raise Earnings Estimates for TopBuild Corp. (BLD)
TopBuild Corp. (NYSE:BLD) – SunTrust Banks raised their Q3 2017 earnings per share estimates for TopBuild Corp. in a report issued on Tuesday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $0.86 per share for the quarter, up from their previous forecast of $0.84. SunTrust Banks also issued estimates for TopBuild Corp.’s Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.96 EPS, FY2018 earnings at $3.57 EPS and FY2019 earnings at $4.34 EPS.
BLD has been the topic of several other reports. Instinet raised their price target on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Nomura initiated coverage on shares of TopBuild Corp. in a research note on Wednesday, April 12th. They issued a “neutral” rating and a $45.00 price target on the stock. TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.
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Shares of TopBuild Corp. (NYSE:BLD) opened at 58.66 on Thursday. The stock has a market capitalization of $2.16 billion, a PE ratio of 36.92 and a beta of 0.63. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $59.34. The stock’s 50 day moving average is $53.51 and its 200 day moving average is $48.26.
TopBuild Corp. (NYSE:BLD) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. The firm had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of TopBuild Corp. by 35,157.0% in the first quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock worth $259,449,000 after buying an additional 5,504,531 shares during the period. William Blair Investment Management LLC purchased a new position in shares of TopBuild Corp. during the second quarter worth approximately $16,207,000. Dimensional Fund Advisors LP increased its position in shares of TopBuild Corp. by 14.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,196,035 shares of the construction company’s stock worth $103,213,000 after buying an additional 275,422 shares during the period. Norges Bank purchased a new position in shares of TopBuild Corp. during the fourth quarter worth approximately $9,005,000. Finally, Teachers Advisors LLC increased its position in shares of TopBuild Corp. by 358.1% in the first quarter. Teachers Advisors LLC now owns 296,630 shares of the construction company’s stock worth $13,942,000 after buying an additional 231,880 shares during the period. 92.45% of the stock is currently 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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