TopBuild Corp. (BLD) Price Target Increased to $61.00 by Analysts at Nomura
TopBuild Corp. (NYSE:BLD) had its price objective raised by Nomura from $58.00 to $61.00 in a research note published on Wednesday morning. Nomura currently has a neutral rating on the construction company’s stock.
BLD has been the subject of a number of other reports. BidaskClub lowered shares of TopBuild Corp. from a strong-buy rating to a buy rating in a report on Friday, August 25th. Zacks Investment Research downgraded TopBuild Corp. from a strong-buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, SunTrust Banks, Inc. reiterated a buy rating and set a $75.00 target price on shares of TopBuild Corp. in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $60.67.
Shares of TopBuild Corp. (NYSE BLD) traded up $1.55 on Wednesday, reaching $64.12. 172,200 shares of the company’s stock were exchanged, compared to its average volume of 230,005. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.36. TopBuild Corp. has a twelve month low of $34.27 and a twelve month high of $67.27. The stock has a market cap of $2,281.33, a price-to-earnings ratio of 25.15 and a beta of 0.62.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. TopBuild Corp. had a net margin of 4.03% and a return on equity of 9.88%. The business had revenue of $489.04 million during the quarter, compared to analyst estimates of $491.43 million. During the same period last year, the firm posted $0.63 EPS. The company’s revenue was up 7.9% on a year-over-year basis. equities research analysts expect that TopBuild Corp. will post 2.74 EPS for the current year.
In other news, CEO Gerald Volas sold 44,356 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the transaction, the chief executive officer now directly owns 149,201 shares in the company, valued at approximately $8,476,108.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BLD. Flinton Capital Management LLC boosted its position in shares of TopBuild Corp. by 66.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after acquiring an additional 752 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of TopBuild Corp. during the 2nd quarter valued at approximately $111,000. Schroder Investment Management Group bought a new stake in TopBuild Corp. in the second quarter worth $121,000. Riverhead Capital Management LLC lifted its position 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 during the last quarter. Finally, Victory Capital Management Inc. lifted its position in TopBuild Corp. by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after buying an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 91.72% 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.
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