TopBuild (NYSE:BLD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm presently has a $85.00 price objective on the construction company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 9.66% from the stock’s previous close.
According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Nomura lifted 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. SunTrust Banks reaffirmed a “buy” rating and set a $75.00 target price on shares of TopBuild in a report on Wednesday, October 4th. Jefferies Group assumed coverage on TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price for the company. Finally, KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.29.
Shares of TopBuild (BLD) traded up $1.39 during mid-day trading on Friday, hitting $77.51. The stock had a trading volume of 211,016 shares, compared to its average volume of 283,389. TopBuild has a 1-year low of $36.09 and a 1-year high of $77.57. The stock has a market capitalization of $2,757.73, a price-to-earnings ratio of 30.40 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02.
TopBuild (NYSE:BLD) last issued its quarterly 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. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The business had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. equities analysts expect that TopBuild will post 2.75 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC lifted its holdings in TopBuild by 1.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,193 shares of the construction company’s stock valued at $594,000 after acquiring an additional 162 shares during the period. Victory Capital Management Inc. lifted 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 acquiring an additional 596 shares during the period. Profund Advisors LLC lifted its holdings in TopBuild by 9.1% in the second quarter. Profund Advisors LLC now owns 7,195 shares of the construction company’s stock valued at $382,000 after acquiring an additional 600 shares during the period. Flinton Capital Management LLC lifted 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 acquiring an additional 752 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in TopBuild by 14.4% in the second quarter. PNC Financial Services Group Inc. now owns 6,077 shares of the construction company’s stock valued at $323,000 after acquiring an additional 766 shares during the period. 94.87% of the stock is owned by institutional investors.
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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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