TopBuild (NYSE:BLD) was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating in a report issued on Monday, December 18th, MarketBeat.com reports. The brokerage presently has a $78.00 price objective on the construction company’s stock, up from their prior price objective of $69.00. Nomura’s price objective points to a potential upside of 1.44% from the company’s current price.
A number of other research analysts also recently weighed in on the stock. SunTrust Banks restated a “buy” rating and set a $75.00 price objective on shares of TopBuild in a research report on Wednesday, October 4th. BidaskClub downgraded shares of TopBuild from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Jefferies Group initiated coverage on shares of TopBuild in a research report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price target on the stock. Finally, KeyCorp restated an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.29.
Shares of TopBuild (BLD) traded up $0.34 on Monday, reaching $76.89. 200,020 shares of the company’s stock were exchanged, compared to its average volume of 285,859. The stock has a market capitalization of $2,723.60, a PE ratio of 37.88 and a beta of 0.61. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. TopBuild has a twelve month low of $36.09 and a twelve month high of $77.70.
TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The firm had revenue of $489.04 million for the quarter, compared to analysts’ expectations of $491.43 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. sell-side analysts forecast that TopBuild will post 2.75 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its stake in shares of TopBuild by 1.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,193 shares of the construction company’s stock worth $594,000 after buying an additional 162 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of TopBuild by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after acquiring an additional 596 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of TopBuild by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 7,195 shares of the construction company’s stock worth $382,000 after acquiring an additional 600 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of TopBuild by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 37,936 shares of the construction company’s stock worth $2,013,000 after acquiring an additional 626 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its holdings in shares of TopBuild by 66.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after acquiring an additional 752 shares during the last quarter. 94.87% of the stock is owned by institutional investors and hedge funds.
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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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