TopBuild (NYSE:BLD) – Seaport Global Securities lifted their FY2019 earnings estimates for TopBuild in a report issued on Tuesday, May 8th. Seaport Global Securities analyst M. Mccall now forecasts that the construction company will earn $4.90 per share for the year, up from their previous estimate of $4.50.
Several other research analysts also recently commented on BLD. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, January 16th. SunTrust Banks lifted their price target on TopBuild to $82.00 and gave the stock a “reduce” rating in a research report on Wednesday, February 28th. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Nomura set a $100.00 price target on TopBuild and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of TopBuild in a research report on Monday, April 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $86.20.
Shares of NYSE BLD opened at $82.52 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 29.68 and a beta of 0.57. TopBuild has a 12 month low of $49.61 and a 12 month high of $84.03.
TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 8th. The construction company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.07. The firm had revenue of $491.00 million during the quarter, compared to analyst estimates of $486.34 million. TopBuild had a return on equity of 11.49% and a net margin of 9.52%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS.
In other news, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 73,917 shares in the company, valued at $5,478,728.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul Joachimczyk sold 2,227 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 7,699 shares in the company, valued at $586,278.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,271 shares of company stock worth $2,405,043. 1.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of TopBuild by 1.3% during the first quarter. Great West Life Assurance Co. Can now owns 46,354 shares of the construction company’s stock valued at $3,548,000 after purchasing an additional 609 shares during the period. Stifel Financial Corp grew its position in TopBuild by 24.8% in the first quarter. Stifel Financial Corp now owns 3,352 shares of the construction company’s stock valued at $258,000 after acquiring an additional 666 shares during the period. Virginia Retirement Systems ET AL grew its position in TopBuild by 24.1% in the first quarter. Virginia Retirement Systems ET AL now owns 3,600 shares of the construction company’s stock valued at $275,000 after acquiring an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TopBuild by 53.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock valued at $155,000 after acquiring an additional 719 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in TopBuild by 4.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,860 shares of the construction company’s stock valued at $1,444,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 94.70% of the company’s stock.
TopBuild Company Profile
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.
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