Shares of TopBuild Corp (NYSE:BLD) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $70.00.
A number of brokerages have recently weighed in on BLD. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and set a $75.00 price target on shares of TopBuild in a report on Wednesday, October 4th. Jefferies Group started coverage on TopBuild in a research note on Tuesday, December 12th. They issued a “buy” rating and a $79.00 target price on the stock. ValuEngine upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Nomura boosted their target price on TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th.
Shares of TopBuild (NYSE BLD) traded up $0.70 during mid-day trading on Tuesday, hitting $77.28. The stock had a trading volume of 180,737 shares, compared to its average volume of 213,610. TopBuild has a twelve month low of $36.10 and a twelve month high of $78.39. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2,749.54, a P/E ratio of 38.07 and a beta of 0.61.
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, beating analysts’ consensus estimates 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 the consensus estimate of $491.43 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. TopBuild’s revenue for the quarter was up 7.9% compared to the same quarter last year. analysts anticipate that TopBuild will post 2.75 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its stake in TopBuild by 37,219.4% in the fourth quarter. Acadian Asset Management LLC now owns 26,870 shares of the construction company’s stock valued at $2,036,000 after purchasing an additional 26,798 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in TopBuild by 12.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 223,796 shares of the construction company’s stock valued at $16,951,000 after purchasing an additional 24,921 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in TopBuild by 6.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 900 shares in the last quarter. Sheets Smith Wealth Management grew its stake in TopBuild by 99.5% in the fourth quarter. Sheets Smith Wealth Management now owns 9,737 shares of the construction company’s stock valued at $737,000 after purchasing an additional 4,857 shares in the last quarter. Finally, Shelton Capital Management purchased a new position in TopBuild in the third quarter valued at about $234,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.
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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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