TopBuild (NYSE:BLD) issued its quarterly earnings data on Thursday. The construction company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.15, Morningstar.com reports. The firm had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $670.66 million. TopBuild had a net margin of 5.83% and a return on equity of 14.81%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. TopBuild updated its FY 2019 guidance to EPS.
Shares of TopBuild stock traded up $3.70 on Friday, hitting $89.48. The company had a trading volume of 590,909 shares, compared to its average volume of 240,910. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 0.57 and a beta of 0.86. TopBuild has a twelve month low of $41.27 and a twelve month high of $89.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.56 and a quick ratio of 1.20. The company has a 50-day simple moving average of $81.21.
In other news, insider Robert M. Buck sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.00, for a total value of $297,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald Volas sold 52,206 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $81.16, for a total transaction of $4,237,038.96. Following the completion of the transaction, the chief executive officer now owns 202,919 shares of the company’s stock, valued at approximately $16,468,906.04. The disclosure for this sale can be found here. Insiders sold 65,583 shares of company stock valued at $5,357,878 in the last quarter. Corporate insiders own 2.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of TopBuild by 32.2% in the second quarter. Comerica Bank now owns 47,651 shares of the construction company’s stock valued at $3,848,000 after buying an additional 11,593 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of TopBuild by 17.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,837 shares of the construction company’s stock worth $318,000 after purchasing an additional 581 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in shares of TopBuild in the second quarter worth $523,000. Milestone Group Inc. bought a new stake in shares of TopBuild in the second quarter worth $215,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of TopBuild in the second quarter worth $312,000. Institutional investors own 95.42% of the company’s stock.
A number of research analysts recently issued reports on the stock. Buckingham Research boosted their price objective on shares of TopBuild from $74.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Friday. SunTrust Banks boosted their price objective on shares of TopBuild to $86.00 and gave the company a “hold” rating in a report on Friday. Nomura reiterated a “neutral” rating and issued a $85.00 price target (down previously from $90.00) on shares of TopBuild in a report on Thursday, May 16th. Finally, Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $77.50.
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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