TopBuild (BLD) PT Lowered to $70.00

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TopBuild (NYSE:BLD) had its price target cut by SunTrust Banks to $70.00 in a research report released on Wednesday, The Fly reports. They currently have a buy rating on the construction company’s stock. SunTrust Banks also issued estimates for TopBuild’s Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $4.21 EPS, Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $1.45 EPS, Q4 2019 earnings at $1.46 EPS and FY2019 earnings at $4.72 EPS.

Several other research firms have also issued reports on BLD. Jefferies Financial Group restated a buy rating and issued a $98.00 target price on shares of TopBuild in a report on Friday, July 20th. Seaport Global Securities restated a buy rating and issued a $94.00 target price on shares of TopBuild in a report on Sunday, August 12th. ValuEngine lowered shares of TopBuild from a buy rating to a hold rating in a report on Wednesday, July 25th. Stephens restated a buy rating and issued a $87.00 target price on shares of TopBuild in a report on Thursday, August 16th. Finally, KeyCorp set a $81.00 target price on shares of TopBuild and gave the company a buy rating in a report on Monday, August 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $84.70.

Shares of TopBuild stock traded down $1.82 during trading on Wednesday, hitting $51.31. The company’s stock had a trading volume of 673,653 shares, compared to its average volume of 459,187. The company has a quick ratio of 1.18, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. TopBuild has a 52 week low of $42.18 and a 52 week high of $87.21. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 18.46 and a beta of 0.77.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 6th. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The business had revenue of $647.30 million for the quarter, compared to analyst estimates of $643.65 million. TopBuild had a net margin of 8.96% and a return on equity of 13.22%. TopBuild’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. As a group, equities analysts anticipate that TopBuild will post 4.22 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in BLD. Royal Bank of Canada raised its holdings in shares of TopBuild by 44.4% during the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after purchasing an additional 800 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of TopBuild during the third quarter valued at about $207,000. Cim Investment Mangement Inc. acquired a new position in shares of TopBuild during the second quarter valued at about $210,000. Point72 Hong Kong Ltd acquired a new position in shares of TopBuild during the second quarter valued at about $219,000. Finally, Janus Henderson Group PLC acquired a new position in shares of TopBuild during the third quarter valued at about $250,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

About TopBuild

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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