MKM Partners began coverage on shares of TopBuild (NYSE:BLD) in a research note issued to investors on Wednesday, The Fly reports. The firm issued a buy rating and a $99.00 target price on the construction company’s stock.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded TopBuild from a buy rating to a hold rating in a research report on Friday, May 11th. SunTrust Banks increased their target price on TopBuild to $90.00 and gave the stock a buy rating in a research report on Wednesday, May 9th. ValuEngine upgraded TopBuild from a hold rating to a buy rating in a research report on Wednesday, May 2nd. Jefferies Financial Group restated a buy rating and set a $91.00 price target on shares of TopBuild in a research note on Monday, April 23rd. Finally, Nomura set a $100.00 price target on TopBuild and gave the stock a buy rating in a research note on Tuesday, March 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $94.20.
NYSE BLD opened at $77.36 on Wednesday. TopBuild has a twelve month low of $51.64 and a twelve month high of $87.21. The stock has a market cap of $2.87 billion, a P/E ratio of 27.83 and a beta of 0.58. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23.
TopBuild (NYSE:BLD) last released 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. TopBuild had a return on equity of 11.49% and a net margin of 9.52%. The firm had revenue of $491.00 million for the quarter, compared to the consensus estimate of $486.34 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities analysts anticipate that TopBuild will post 4.13 EPS for the current year.
Large investors have recently made changes to their positions in the business. Delpha Capital Management LLC acquired a new stake in TopBuild during the fourth quarter worth about $144,000. Mount Yale Investment Advisors LLC acquired a new stake in TopBuild during the first quarter worth about $153,000. Ladenburg Thalmann Financial Services Inc. increased its stake in TopBuild by 148.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after acquiring an additional 1,261 shares during the last quarter. Royal Bank of Canada increased its stake in TopBuild by 44.4% during the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock worth $199,000 after acquiring an additional 800 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in TopBuild during the first quarter worth about $210,000. Institutional investors own 91.13% 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.
Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.