SunTrust Banks Weighs in on TopBuild Corp.’s Q4 2018 Earnings (BLD)

TopBuild Corp. (NYSE:BLD) – SunTrust Banks upped their Q4 2018 earnings estimates for TopBuild Corp. in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.97 per share for the quarter, up from their prior estimate of $0.95. SunTrust Banks currently has a “Buy” rating and a $75.00 target price on the stock.

BLD has been the subject of several other research reports. BidaskClub cut TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Zacks Investment Research cut TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. KeyCorp reaffirmed an “overweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Finally, TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $58.00.

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TopBuild Corp. (BLD) opened at 64.94 on Friday. The stock has a 50 day moving average price of $61.98 and a 200 day moving average price of $61.98. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 36.00 and a beta of 0.64. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $67.27.

TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The firm had revenue of $474.50 million during the quarter, compared to analyst estimates of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. TopBuild Corp.’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS.

Hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC grew its stake in shares of TopBuild Corp. by 66.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after purchasing an additional 752 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of TopBuild Corp. in the 2nd quarter valued at approximately $111,000. Schroder Investment Management Group bought a new stake in shares of TopBuild Corp. in the 2nd quarter valued at approximately $121,000. Riverhead Capital Management LLC grew its stake in shares of TopBuild Corp. by 72.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after purchasing an additional 1,297 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of TopBuild Corp. in the 1st quarter valued at approximately $156,000. Institutional investors own 92.01% of the company’s stock.

In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $56.81, for a total value 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 approximately $8,476,108.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

TopBuild Corp. Company Profile

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.

Earnings History and Estimates for TopBuild Corp. (NYSE:BLD)

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