ValuEngine upgraded shares of TopBuild Corp. (NYSE:BLD) from a hold rating to a buy rating in a research report released on Friday morning.
A number of other equities analysts have also weighed in on the company. SunTrust Banks, Inc. reiterated a buy rating and set a $75.00 target price on shares of TopBuild Corp. in a research note on Wednesday, October 4th. BidaskClub lowered TopBuild Corp. from a strong-buy rating to a buy rating in a research note on Friday, August 25th. Zacks Investment Research upgraded TopBuild Corp. from a hold rating to a strong-buy rating and set a $67.00 price objective on the stock in a research note on Thursday, August 10th. KeyCorp restated an overweight rating on shares of TopBuild Corp. in a research note on Friday. Finally, Nomura raised their price objective on TopBuild Corp. from $58.00 to $61.00 and gave the stock a neutral rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. TopBuild Corp. has an average rating of Buy and an average price target of $60.67.
TopBuild Corp. (NYSE BLD) traded up $1.55 on Friday, hitting $64.12. The stock had a trading volume of 172,200 shares, compared to its average volume of 252,145. TopBuild Corp. has a 52 week low of $34.27 and a 52 week high of $67.27. The firm has a market capitalization of $2,226.20, a PE ratio of 24.54 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.36.
TopBuild Corp. (NYSE:BLD) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. analysts forecast that TopBuild Corp. will post 2.73 earnings per share for the current year.
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In related news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the sale, the chief executive officer now owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of TopBuild Corp. by 4.4% during 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 boosted its holdings in shares of TopBuild Corp. by 7.2% during 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 boosted its holdings in shares of TopBuild Corp. by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock valued at $125,278,000 after acquiring an additional 164,591 shares in the last quarter. State Street Corp boosted its holdings in shares of TopBuild Corp. by 10.2% during 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. boosted its holdings in shares of TopBuild Corp. by 12.4% during 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. 91.72% of the stock is currently owned by 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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