TopBuild to Post Q1 2018 Earnings of $0.64 Per Share, SunTrust Banks Forecasts (BLD)

TopBuild (NYSE:BLD) – SunTrust Banks cut their Q1 2018 earnings estimates for shares of TopBuild in a research report issued on Monday, April 16th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings per share of $0.64 for the quarter, down from their previous forecast of $0.72. SunTrust Banks currently has a “Reduce” rating and a $82.00 price target on the stock. SunTrust Banks also issued estimates for TopBuild’s Q2 2018 earnings at $0.94 EPS.

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TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. TopBuild had a net margin of 8.30% and a return on equity of 10.65%. The business had revenue of $501.40 million for the quarter, compared to the consensus estimate of $491.80 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis.

BLD has been the topic of several other research reports. Zacks Investment Research raised shares of 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. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Nomura set a $100.00 price target on shares of TopBuild and gave the company a “buy” rating in a report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $76.00.

Shares of NYSE:BLD opened at $77.57 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. TopBuild has a 1-year low of $46.11 and a 1-year high of $82.26. The company has a market cap of $2,729.14, a price-to-earnings ratio of 27.42 and a beta of 0.57.

In other news, VP Paul Joachimczyk sold 2,227 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $76.15, for a total value of $169,586.05. Following the transaction, the vice president now owns 7,699 shares of the company’s stock, valued at $586,278.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the completion of the transaction, the insider now directly owns 73,917 shares in the company, valued at approximately $5,478,728.04. The disclosure for this sale can be found here. Insiders sold 32,271 shares of company stock worth $2,405,043 in the last three months. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TopBuild by 53.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after buying an additional 719 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of TopBuild by 17.4% in the fourth quarter. Profund Advisors LLC now owns 5,364 shares of the construction company’s stock worth $406,000 after buying an additional 796 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of TopBuild by 6.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,159,000 after buying an additional 900 shares in the last quarter. Meadow Creek Investment Management LLC lifted its holdings in shares of TopBuild by 31.3% in the fourth 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 in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of TopBuild by 99.6% in the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after buying an additional 1,152 shares in the last quarter. 94.65% of the stock is currently owned by hedge funds and other institutional investors.

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About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

Earnings History and Estimates for TopBuild (NYSE:BLD)

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