Wall Street analysts expect TopBuild Corp (NYSE:BLD) to report earnings of $0.81 per share for the current quarter, Zacks reports. Four analysts have issued estimates for TopBuild’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.78. TopBuild posted earnings of $0.59 per share in the same quarter last year, which would suggest a positive year over year growth rate of 37.3%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, February 27th.
On average, analysts expect that TopBuild will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.72 to $2.80. For the next fiscal year, analysts forecast that the company will report earnings of $3.64 per share, with EPS estimates ranging from $3.40 to $4.09. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for TopBuild.
A number of research analysts have weighed in on BLD shares. KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Nomura raised TopBuild from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $78.00 in a report on Monday, December 18th. Zacks Investment Research lowered TopBuild from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group began coverage on TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $68.43.
TopBuild (NYSE:BLD) opened at $74.50 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2,650.66, a PE ratio of 29.22 and a beta of 0.51. TopBuild has a twelve month low of $37.50 and a twelve month high of $78.64.
Several hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new position in shares of TopBuild during the fourth quarter worth about $1,179,000. LPL Financial LLC lifted its position in TopBuild by 35.0% in the 4th quarter. LPL Financial LLC now owns 11,767 shares of the construction company’s stock worth $891,000 after buying an additional 3,048 shares during the last quarter. Millennium Management LLC lifted its position in TopBuild by 15.3% in the 4th quarter. Millennium Management LLC now owns 58,886 shares of the construction company’s stock worth $4,460,000 after buying an additional 7,817 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in TopBuild by 31.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the construction company’s stock worth $287,000 after buying an additional 902 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in TopBuild by 148.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after buying an additional 1,261 shares during the last quarter. 92.42% of the stock is 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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