TopBuild Corp (NYSE:BLD) – Research analysts at Jefferies Group lifted their FY2018 earnings per share estimates for TopBuild in a research note issued on Wednesday. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings per share of $4.05 for the year, up from their previous estimate of $3.49. Jefferies Group has a “Buy” rating and a $79.00 price objective on the stock. Jefferies Group also issued estimates for TopBuild’s FY2019 earnings at $5.01 EPS.
Several other analysts have also commented on BLD. Zacks Investment Research lowered TopBuild from a “buy” rating to a “hold” rating in a report on Friday, January 12th. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 target price on shares of TopBuild in a report on Wednesday, October 4th. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Nomura raised their target price on TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $68.43.
TopBuild (NYSE:BLD) traded up $0.70 during trading on Friday, reaching $77.28. The company had a trading volume of 180,737 shares, compared to its average volume of 288,541. The firm has a market capitalization of $2,750.00 and a price-to-earnings ratio of 38.07. TopBuild has a 12-month low of $36.10 and a 12-month high of $78.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.36.
TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in TopBuild by 7.2% in the second quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after purchasing an additional 193,582 shares during the period. Dimensional Fund Advisors LP grew its holdings in TopBuild by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,410,107 shares of the construction company’s stock valued at $157,065,000 after purchasing an additional 49,481 shares during the period. State Street Corp grew its holdings in TopBuild by 10.2% in the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after purchasing an additional 104,562 shares during the period. Goldman Sachs Group Inc. grew its holdings in TopBuild by 12.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock valued at $58,863,000 after purchasing an additional 122,281 shares during the period. Finally, Northern Trust Corp grew its holdings in TopBuild by 1.3% in the second quarter. Northern Trust Corp now owns 531,677 shares of the construction company’s stock valued at $28,216,000 after purchasing an additional 6,762 shares during the period. 94.87% of the stock is currently owned by institutional investors.
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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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