TopBuild Corp. (BLD) Upgraded at Zacks Investment Research
TopBuild Corp. (NYSE:BLD) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $67.00 price objective on the construction company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 15.56% from the stock’s previous close.
According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
A number of other research firms have also recently commented on BLD. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Nomura started coverage on TopBuild Corp. in a research note on Wednesday, April 12th. They set a “neutral” rating and a $45.00 price target on the stock. KeyCorp restated an “overweight” rating and set a $59.00 price target (up from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, Instinet upped their price target on TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.60.
TopBuild Corp. (NYSE:BLD) traded down 1.16% on Thursday, reaching $57.98. The company’s stock had a trading volume of 222,487 shares. The company has a 50 day moving average of $53.51 and a 200 day moving average of $48.26. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $59.34. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 32.14 and a beta of 0.63.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $477.72 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that TopBuild Corp. will post $2.78 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. bought a new stake in TopBuild Corp. during the second quarter worth $111,000. Schroder Investment Management Group bought a new stake in TopBuild Corp. during the second quarter worth $121,000. Ameritas Investment Partners Inc. bought a new stake in TopBuild Corp. during the first quarter worth $156,000. Victory Capital Management Inc. raised its stake in TopBuild Corp. by 22.7% in the first quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock worth $158,000 after buying an additional 624 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in TopBuild Corp. by 72.1% in the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after buying an additional 1,297 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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