TopBuild Corp. (NYSE:BLD) – Stock analysts at SunTrust Banks raised their FY2017 earnings per share estimates for TopBuild Corp. in a report released on Tuesday. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings per share of $2.81 for the year, up from their previous forecast of $2.70.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a report on Thursday. KeyCorp reaffirmed an “overweight” rating and issued a $59.00 price target (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Finally, Instinet upped their price target on shares of TopBuild Corp. from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, May 10th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $54.60.
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TopBuild Corp. (NYSE:BLD) traded up 0.93% during trading on Friday, reaching $58.52. The company had a trading volume of 65,872 shares. The firm has a market capitalization of $2.13 billion, a P/E ratio of 32.44 and a beta of 0.63. The stock has a 50 day moving average price of $53.64 and a 200 day moving average price of $48.33. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $59.34.
TopBuild Corp. (NYSE:BLD) last released its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share.
A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in TopBuild Corp. by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock valued at $250,000 after buying an additional 49 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in TopBuild Corp. by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the construction company’s stock valued at $724,000 after buying an additional 100 shares during the last quarter. UBS Group AG raised its stake in TopBuild Corp. by 1.7% in the first quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock valued at $386,000 after buying an additional 137 shares during the last quarter. Alpha Windward LLC raised its stake in TopBuild Corp. by 1.4% in the first quarter. Alpha Windward LLC now owns 12,720 shares of the construction company’s stock valued at $598,000 after buying an additional 180 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in TopBuild Corp. by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock valued at $1,552,000 after buying an additional 200 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.
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.
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