TopBuild Corp. (NYSE:BLD) – Analysts at Seaport Global Securities decreased their Q4 2017 earnings per share (EPS) estimates for TopBuild in a research report issued on Tuesday. Seaport Global Securities analyst M. Mccall now anticipates that the construction company will post earnings per share of $0.80 for the quarter, down from their prior estimate of $0.81. Seaport Global Securities also issued estimates for TopBuild’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.40 EPS and FY2019 earnings at $4.00 EPS.
A number of other equities analysts have also commented on the company. KeyCorp reissued an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Nomura boosted their price objective on TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. Finally, BidaskClub lowered TopBuild from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $60.67.
TopBuild (NYSE:BLD) opened at $65.66 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. The company has a market capitalization of $2,352.51, a price-to-earnings ratio of 25.93 and a beta of 0.61. TopBuild has a one year low of $35.31 and a one year high of $69.34.
TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. TopBuild’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS.
Several institutional investors and hedge funds have recently modified their holdings of the company. Flinton Capital Management LLC increased its holdings in TopBuild by 66.2% in the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after purchasing an additional 752 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in TopBuild in the second quarter valued at about $111,000. Schroder Investment Management Group bought a new stake in TopBuild in the second quarter valued at about $121,000. Riverhead Capital Management LLC increased its holdings in TopBuild by 72.1% in the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after purchasing an additional 1,297 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in TopBuild by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after purchasing an additional 596 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.
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TopBuild 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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