TopBuild’s (BLD) Overweight Rating Reiterated at KeyCorp

KeyCorp reaffirmed their overweight rating on shares of TopBuild (NYSE:BLD) in a research report sent to investors on Friday, November 10th, Marketbeat Ratings reports. KeyCorp also issued estimates for TopBuild’s FY2017 earnings at $2.80 EPS and FY2018 earnings at $3.50 EPS.

Several other equities analysts also recently commented on BLD. Zacks Investment Research raised shares of TopBuild from a hold rating to a strong-buy rating and set a $67.00 target price on the stock in a report on Thursday, August 10th. BidaskClub downgraded shares of TopBuild from a strong-buy rating to a buy rating in a report on Friday, August 25th. SunTrust Banks reaffirmed a buy rating and set a $75.00 price target on shares of TopBuild in a research note on Wednesday, October 4th. Finally, Nomura upped their price target on shares of TopBuild from $58.00 to $61.00 and gave the company a neutral rating in a research note on Wednesday, November 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $60.67.

TopBuild (BLD) traded up $1.11 during mid-day trading on Friday, hitting $68.92. 395,700 shares of the stock traded hands, compared to its average volume of 249,802. TopBuild has a 1 year low of $35.31 and a 1 year high of $69.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. The stock has a market capitalization of $2,440.00 and a P/E ratio of 25.82.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The firm had revenue of $489.04 million for the quarter, compared to the consensus estimate of $491.43 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. equities analysts expect that TopBuild will post 2.74 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in TopBuild by 0.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock valued at $250,000 after purchasing an additional 49 shares in the last quarter. UBS Group AG raised its stake in TopBuild by 1.7% during the first quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock valued at $386,000 after purchasing an additional 137 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in TopBuild by 1.5% during the second quarter. Cubist Systematic Strategies LLC now owns 11,193 shares of the construction company’s stock valued at $594,000 after purchasing an additional 162 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in TopBuild by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock valued at $1,552,000 after purchasing an additional 200 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in TopBuild by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after acquiring an additional 596 shares during the last quarter. 94.92% of the stock is currently owned by institutional investors.

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About TopBuild

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.

Analyst Recommendations for TopBuild (NYSE:BLD)

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