ValuEngine upgraded shares of TopBuild Corp. (NYSE:BLD) from a hold rating to a buy rating in a research report released on Friday.
A number of other equities analysts also recently commented on the stock. KeyCorp reaffirmed an overweight rating on shares of TopBuild Corp. in a report on Friday. Nomura raised their price objective on shares of TopBuild Corp. from $58.00 to $61.00 and gave the stock a neutral rating in a report on Wednesday, November 8th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $75.00 price objective 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. Finally, Zacks Investment Research raised shares of TopBuild Corp. from a hold rating to a strong-buy rating and set a $67.00 price objective for the company in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. TopBuild Corp. has a consensus rating of Buy and a consensus target price of $60.67.
TopBuild Corp. (BLD) opened at $63.15 on Friday. The company has a market cap of $2,281.35, a PE ratio of 25.15 and a beta of 0.62. TopBuild Corp. has a 1-year low of $35.11 and a 1-year high of $67.27. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. TopBuild Corp. had a net margin of 4.03% and a return on equity of 9.88%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. research analysts anticipate that TopBuild Corp. will post 2.74 earnings per share for the current fiscal year.
In related news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction dated Friday, August 18th. The shares were 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 of the company’s stock, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BLD. Vanguard Group Inc. increased its position in TopBuild Corp. by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after acquiring an additional 139,066 shares in the last quarter. FMR LLC increased its position in TopBuild Corp. by 7.2% in the 2nd quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after acquiring an additional 193,582 shares in the last quarter. Dimensional Fund Advisors LP increased its position in TopBuild Corp. by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,410,107 shares of the construction company’s stock valued at $157,065,000 after acquiring an additional 49,481 shares in the last quarter. State Street Corp increased its position in TopBuild Corp. by 10.2% in the 2nd quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after acquiring an additional 104,562 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in TopBuild Corp. by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock valued at $58,863,000 after acquiring an additional 122,281 shares in the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.
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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