TopBuild (BLD) Earns “Neutral” Rating from Nomura

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Nomura reaffirmed their neutral rating on shares of TopBuild (NYSE:BLD) in a research note published on Thursday, Benzinga reports. Nomura currently has a $85.00 target price on the construction company’s stock, down from their previous target price of $90.00.

Several other research firms have also weighed in on BLD. ValuEngine raised TopBuild from a hold rating to a buy rating in a research report on Wednesday. Buckingham Research increased their target price on TopBuild from $74.00 to $90.00 and gave the company a buy rating in a research note on Wednesday, May 8th. SunTrust Banks raised their price objective on TopBuild to $72.00 and gave the stock a hold rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded TopBuild from a hold rating to a buy rating and set a $79.00 target price for the company in a research report on Tuesday, April 30th. Finally, Zelman & Associates cut TopBuild from a buy rating to a hold rating in a report on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. TopBuild currently has an average rating of Buy and a consensus price target of $81.64.

Shares of NYSE BLD traded down $2.54 during midday trading on Thursday, hitting $81.13. The stock had a trading volume of 16,633 shares, compared to its average volume of 320,884. The firm has a market capitalization of $2.88 billion, a P/E ratio of 19.75, a P/E/G ratio of 0.63 and a beta of 1.11. TopBuild has a 1-year low of $41.27 and a 1-year high of $87.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.56 and a quick ratio of 1.20.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.24. The business had revenue of $619.30 million during the quarter, compared to the consensus estimate of $599.06 million. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. On average, equities research analysts expect that TopBuild will post 4.89 EPS for the current fiscal year.

In other news, VP John S. Peterson sold 4,000 shares of TopBuild stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $86.37, for a total value of $345,480.00. Following the completion of the sale, the vice president now directly owns 30,046 shares of the company’s stock, valued at approximately $2,595,073.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert M. Buck sold 14,677 shares of TopBuild stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $58.66, for a total value of $860,952.82. Following the completion of the sale, the chief operating officer now directly owns 60,142 shares of the company’s stock, valued at $3,527,929.72. The disclosure for this sale can be found here. Insiders sold a total of 35,484 shares of company stock valued at $2,344,026 over the last three months. Insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of TopBuild in the 4th quarter worth $41,000. Pearl River Capital LLC boosted its position in shares of TopBuild by 542.0% in the 1st quarter. Pearl River Capital LLC now owns 642 shares of the construction company’s stock worth $42,000 after purchasing an additional 542 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of TopBuild by 685.7% in the 1st quarter. Versant Capital Management Inc now owns 715 shares of the construction company’s stock worth $46,000 after purchasing an additional 624 shares during the last quarter. Strs Ohio bought a new position in shares of TopBuild in the 1st quarter worth $58,000. Finally, Advisors Asset Management Inc. boosted its position in shares of TopBuild by 86.3% in the 4th 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. 95.00% of the stock is owned by institutional investors.

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.

Further Reading: Institutional Investors

Analyst Recommendations for TopBuild (NYSE:BLD)

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