TopBuild (NYSE:BLD) posted its quarterly earnings data on Tuesday. The construction company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.01, MarketWatch Earnings reports. The company had revenue of $647.30 million during the quarter, compared to analysts’ expectations of $643.65 million. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. TopBuild updated its FY 2018 guidance to EPS.
TopBuild stock opened at $52.09 on Wednesday. TopBuild has a 52-week low of $42.18 and a 52-week high of $87.21. The firm has a market cap of $1.76 billion, a PE ratio of 18.74 and a beta of 0.77. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.69.
In other news, insider Robert M. Buck sold 17,766 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the completion of the sale, the insider now owns 62,696 shares of the company’s stock, valued at $4,852,670.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John S. Peterson sold 1,887 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $77.28, for a total transaction of $145,827.36. Following the sale, the vice president now directly owns 33,927 shares of the company’s stock, valued at approximately $2,621,878.56. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in BLD. Investec Asset Management LTD purchased a new stake in shares of TopBuild during the second quarter worth $68,649,000. Victory Capital Management Inc. purchased a new stake in shares of TopBuild in the second quarter valued at about $67,350,000. KAMES CAPITAL plc purchased a new stake in shares of TopBuild in the second quarter valued at about $27,750,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of TopBuild in the third quarter valued at about $16,536,000. Finally, BlackRock Inc. grew its holdings in shares of TopBuild by 4.8% in the second quarter. BlackRock Inc. now owns 5,314,739 shares of the construction company’s stock valued at $416,356,000 after purchasing an additional 244,583 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. SunTrust Banks reduced their price objective on shares of TopBuild to $70.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Investment Research cut shares of TopBuild from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Jefferies Financial Group restated a “buy” rating and set a $98.00 price objective on shares of TopBuild in a research report on Friday, July 20th. Finally, KeyCorp set a $81.00 price objective on shares of TopBuild and gave the stock a “buy” rating in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $84.70.
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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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