TopBuild Corp. (BLD) Earns Overweight Rating from KeyCorp
KeyCorp reissued their overweight rating on shares of TopBuild Corp. (NYSE:BLD) in a report released on Friday morning, MarketBeat.com reports. KeyCorp also issued estimates for TopBuild Corp.’s FY2017 earnings at $2.80 EPS and FY2018 earnings at $3.50 EPS.
A number of other research analysts also recently commented on the stock. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $75.00 price target on shares of TopBuild Corp. in a report on Wednesday, October 4th. BidaskClub downgraded shares of TopBuild Corp. from a strong-buy rating to a buy rating in a report on Friday, August 25th. Zacks Investment Research raised shares of TopBuild Corp. from a hold rating to a strong-buy rating and set a $67.00 price target for the company in a report on Thursday, August 10th. Finally, Nomura increased their price target on shares of TopBuild Corp. from $58.00 to $61.00 and gave the company a neutral rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $60.67.
TopBuild Corp. (NYSE:BLD) traded up $1.55 on Friday, hitting $64.12. 172,200 shares of the company’s stock traded hands, compared to its average volume of 252,145. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. TopBuild Corp. has a twelve month low of $34.27 and a twelve month high of $67.27. The company has a market cap of $2,281.35, a P/E ratio of 25.15 and a beta of 0.62.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. TopBuild Corp. had a net margin of 4.03% and a return on equity of 9.88%. The firm had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. analysts forecast that TopBuild Corp. will post 2.74 earnings per share for the current year.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $56.81, for a total value of $2,519,864.36. Following the completion of the sale, the chief executive officer now owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in TopBuild Corp. by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock worth $250,000 after purchasing an additional 49 shares during the last quarter. UBS Group AG lifted its stake in TopBuild Corp. by 1.7% in the first quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock worth $386,000 after purchasing an additional 137 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in TopBuild Corp. by 1.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,193 shares of the construction company’s stock worth $594,000 after purchasing an additional 162 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of TopBuild Corp. by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock worth $1,552,000 after acquiring an additional 200 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of TopBuild Corp. by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after acquiring an additional 596 shares during the period. 95.86% of the stock is 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.
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.