Shares of TopBuild Corp (NYSE:BLD) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $111.80.
A number of brokerages have recently weighed in on BLD. Deutsche Bank started coverage on TopBuild in a research note on Wednesday, November 27th. They issued a “buy” rating and a $129.00 target price on the stock. Zelman & Associates downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Buckingham Research upped their price objective on TopBuild from $101.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “strong-buy” rating and set a $125.00 price objective on the stock in a research note on Tuesday, November 5th. Finally, SunTrust Banks boosted their target price on shares of TopBuild from $86.00 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th.
Shares of NYSE BLD traded up $1.56 during midday trading on Friday, reaching $110.88. The company’s stock had a trading volume of 9,200 shares, compared to its average volume of 279,381. TopBuild has a 12-month low of $47.28 and a 12-month high of $113.74. The firm has a 50 day moving average price of $105.84 and a 200-day moving average price of $96.77. The stock has a market capitalization of $3.58 billion, a P/E ratio of 26.47, a PEG ratio of 0.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.64 and a quick ratio of 1.33.
TopBuild (NYSE:BLD) last announced its earnings results on Thursday, October 31st. The construction company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.14. TopBuild had a return on equity of 16.15% and a net margin of 7.06%. The firm had revenue of $682.30 million for the quarter, compared to the consensus estimate of $673.76 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that TopBuild will post 5.42 EPS for the current year.
In other news, VP Steven P. Raia sold 1,255 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $106.88, for a total value of $134,134.40. Following the transaction, the vice president now owns 3,246 shares of the company’s stock, valued at $346,932.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO John S. Peterson sold 568 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $109.74, for a total transaction of $62,332.32. Following the completion of the transaction, the chief financial officer now directly owns 8,050 shares in the company, valued at approximately $883,407. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,212 shares of company stock worth $3,158,146. Insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Calamos Advisors LLC increased its stake in TopBuild by 5.8% in the fourth quarter. Calamos Advisors LLC now owns 83,669 shares of the construction company’s stock valued at $8,625,000 after acquiring an additional 4,562 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of TopBuild by 83.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 5,064 shares of the construction company’s stock worth $522,000 after purchasing an additional 2,301 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in shares of TopBuild by 114.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 702 shares of the construction company’s stock worth $74,000 after purchasing an additional 374 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of TopBuild by 5.3% during the fourth quarter. State of Alaska Department of Revenue now owns 27,835 shares of the construction company’s stock worth $2,868,000 after purchasing an additional 1,396 shares during the period. Finally, JS Capital Management LLC boosted its holdings in shares of TopBuild by 32.0% during the third quarter. JS Capital Management LLC now owns 4,091 shares of the construction company’s stock worth $394,000 after purchasing an additional 991 shares during the period. 92.55% of the stock is currently owned by institutional investors and hedge funds.
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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