TopBuild Corp. (NYSE:BLD) – Equities researchers at Seaport Global Securities cut their FY2018 EPS estimates for TopBuild Corp. in a report released on Tuesday. Seaport Global Securities analyst M. Mccall now anticipates that the construction company will post earnings of $3.35 per share for the year, down from their prior estimate of $3.40.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. During the same quarter in the previous year, the company posted $0.43 EPS. TopBuild Corp.’s revenue was up 9.9% on a year-over-year basis.
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Several other equities analysts also recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a research note on Wednesday. BidaskClub downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research note on Thursday, August 10th. KeyCorp reissued an “overweight” rating and issued a $59.00 price objective (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. TopBuild Corp. presently has an average rating of “Buy” and a consensus price target of $58.00.
TopBuild Corp. (NYSE BLD) opened at 64.94 on Friday. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $67.27. The company has a market cap of $2.36 billion, a PE ratio of 36.00 and a beta of 0.64. The company has a 50-day moving average of $61.98 and a 200 day moving average of $61.98.
Hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its stake in shares of TopBuild Corp. by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after acquiring an additional 752 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of TopBuild Corp. during the second quarter valued at $111,000. Schroder Investment Management Group bought a new position in shares of TopBuild Corp. during the second quarter valued at $121,000. Riverhead Capital Management LLC raised its stake in shares of TopBuild Corp. by 72.1% during the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after acquiring an additional 1,297 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of TopBuild Corp. during the first quarter valued at $156,000. 92.01% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the transaction, the chief executive officer now owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.
About TopBuild Corp.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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