Zacks Investment Research upgraded shares of TopBuild (NYSE:BLD) from a sell rating to a hold rating in a research note released on Monday.
According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
Several other research analysts also recently commented on BLD. SunTrust Banks lowered their price objective on shares of TopBuild to $70.00 and set a buy rating for the company in a research report on Wednesday, November 7th. KeyCorp set a $67.00 price objective on shares of TopBuild and gave the company a buy rating in a research report on Monday, November 12th. Nomura set a $66.00 price objective on shares of TopBuild and gave the company a buy rating in a research report on Monday, December 17th. ValuEngine upgraded shares of TopBuild from a strong sell rating to a sell rating in a research report on Friday, December 21st. Finally, Buckingham Research started coverage on shares of TopBuild in a research report on Monday, February 25th. They set a buy rating and a $69.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. TopBuild presently has a consensus rating of Buy and a consensus target price of $78.91.
Shares of BLD stock opened at $61.30 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.22. The company has a market capitalization of $2.18 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.53 and a beta of 1.04. TopBuild has a 1 year low of $41.27 and a 1 year high of $87.21.
TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 26th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. TopBuild had a return on equity of 13.22% and a net margin of 8.96%. The business had revenue of $639.55 million during the quarter, compared to analysts’ expectations of $647.95 million. During the same period in the previous year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. As a group, analysts predict that TopBuild will post 4.49 earnings per share for the current year.
In other news, COO Robert M. Buck sold 14,677 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $58.66, for a total transaction of $860,952.82. Following the completion of the transaction, the chief operating officer now directly owns 60,142 shares in the company, valued at $3,527,929.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John S. Peterson sold 10,930 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $60.36, for a total transaction of $659,734.80. Following the transaction, the vice president now owns 45,126 shares of the company’s stock, valued at $2,723,805.36. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in shares of TopBuild during the fourth quarter worth $41,000. Advisors Asset Management Inc. grew its stake in shares of TopBuild by 86.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,567 shares of the construction company’s stock worth $71,000 after purchasing an additional 726 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of TopBuild by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,702 shares of the construction company’s stock worth $77,000 after purchasing an additional 231 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TopBuild by 19.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,539 shares of the construction company’s stock worth $114,000 after purchasing an additional 408 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of TopBuild by 10.7% in the fourth quarter. Bank of Montreal Can now owns 3,871 shares of the construction company’s stock worth $175,000 after purchasing an additional 374 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.
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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