Analysts Offer Predictions for TopBuild Corp.’s FY2017 Earnings (BLD)
TopBuild Corp. (NYSE:BLD) – Analysts at KeyCorp issued their FY2017 earnings per share (EPS) estimates for TopBuild Corp. in a research report issued on Monday. KeyCorp analyst K. Zener anticipates that the construction company will post earnings of $2.75 per share for the year. KeyCorp currently has a “Overweight” rating and a $59.00 target price on the stock. KeyCorp also issued estimates for TopBuild Corp.’s FY2018 earnings at $3.37 EPS.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. ILLEGAL ACTIVITY WARNING: “Analysts Offer Predictions for TopBuild Corp.’s FY2017 Earnings (BLD)” was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/14/analysts-offer-predictions-for-topbuild-corp-s-fy2017-earnings-bld.html.
A number of other research firms also recently issued reports on BLD. TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research report on Thursday, August 10th. Finally, BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $54.60.
Shares of TopBuild Corp. (NYSE:BLD) opened at 58.30 on Wednesday. The company has a market capitalization of $2.12 billion, a P/E ratio of 32.32 and a beta of 0.61. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $60.00. The stock’s 50 day moving average price is $58.85 and its 200-day moving average price is $47.49.
Several institutional investors have recently bought and sold shares of the company. USA Financial Portformulas Corp bought a new position in shares of TopBuild Corp. in the second quarter worth $499,000. Phocas Financial Corp. boosted its holdings in shares of TopBuild Corp. by 4.7% in the second quarter. Phocas Financial Corp. now owns 264,734 shares of the construction company’s stock worth $14,049,000 after acquiring an additional 11,819 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of TopBuild Corp. in the second quarter worth $260,000. Koch Industries Inc. bought a new position in shares of TopBuild Corp. in the second quarter worth $324,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of TopBuild Corp. in the second quarter worth $425,000. 92.01% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total value of $2,519,864.36. Following the completion of the transaction, the chief executive officer now directly owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.
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.
Receive News & Ratings for TopBuild Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild Corp. and related companies with MarketBeat.com's FREE daily email newsletter.