TopBuild (NYSE:BLD) – Analysts at SunTrust Banks boosted their Q3 2018 EPS estimates for TopBuild in a note issued to investors on Monday, April 16th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $1.23 per share for the quarter, up from their prior estimate of $1.15. SunTrust Banks currently has a “Reduce” rating and a $82.00 target price on the stock. SunTrust Banks also issued estimates for TopBuild’s Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $4.04 EPS, Q1 2019 earnings at $0.82 EPS, Q2 2019 earnings at $1.22 EPS, Q3 2019 earnings at $1.45 EPS, Q4 2019 earnings at $1.44 EPS and FY2019 earnings at $4.93 EPS.
A number of other equities research analysts also recently weighed in on BLD. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 16th. Finally, Nomura set a $100.00 target price on 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 company. The stock has an average rating of “Buy” and a consensus target price of $76.00.
Shares of BLD stock opened at $79.28 on Tuesday. The firm has a market capitalization of $2,729.14, a price-to-earnings ratio of 28.52 and a beta of 0.57. TopBuild has a fifty-two week low of $46.79 and a fifty-two week high of $82.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.46.
TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The firm had revenue of $501.40 million for the quarter, compared to the consensus estimate of $491.80 million. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of TopBuild during the 4th quarter valued at $283,000. MetLife Investment Advisors LLC acquired a new stake in shares of TopBuild during the 4th quarter valued at $1,179,000. LPL Financial LLC boosted its holdings in shares of TopBuild by 35.0% during the 4th quarter. LPL Financial LLC now owns 11,767 shares of the construction company’s stock valued at $891,000 after acquiring an additional 3,048 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of TopBuild by 15.3% during the 4th quarter. Millennium Management LLC now owns 58,886 shares of the construction company’s stock valued at $4,460,000 after acquiring an additional 7,817 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of TopBuild by 31.3% during the 4th quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the construction company’s stock valued at $287,000 after acquiring an additional 902 shares in the last quarter. 94.65% of the stock is currently owned by institutional investors.
In related news, VP Paul Joachimczyk sold 2,227 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total transaction of $169,586.05. Following the sale, the vice president now owns 7,699 shares of the company’s stock, valued at approximately $586,278.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total value of $1,713,061.44. Following the sale, 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. In the last ninety days, insiders sold 32,271 shares of company stock worth $2,405,043. Company insiders own 1.40% of the company’s stock.
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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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