Analysts Issue Forecasts for TopBuild Corp’s Q1 2018 Earnings (BLD)

TopBuild Corp (NYSE:BLD) – Analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for TopBuild in a research note issued on Thursday. KeyCorp analyst K. Zener forecasts that the construction company will post earnings of $0.67 per share for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for TopBuild’s FY2018 earnings at $3.70 EPS.

BLD has been the topic of a number of other research reports. Zacks Investment Research lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and increased their target price for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and set a $75.00 target price on shares of TopBuild in a research note on Wednesday, October 4th. Finally, Jefferies Group assumed coverage on TopBuild in a research note on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $68.43.

Shares of TopBuild (NYSE BLD) traded down $2.15 during midday trading on Monday, hitting $74.74. The stock had a trading volume of 380,700 shares, compared to its average volume of 279,040. The company has a market capitalization of $2,735.70, a price-to-earnings ratio of 36.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.36. TopBuild has a one year low of $36.09 and a one year high of $78.39.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share.

A number of large investors have recently modified their holdings of BLD. Flinton Capital Management LLC grew its position in TopBuild by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after buying an additional 752 shares in the last quarter. Schroder Investment Management Group acquired a new stake in TopBuild during the second quarter worth approximately $121,000. Riverhead Capital Management LLC grew its position in TopBuild by 72.1% during the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after buying an additional 1,297 shares in the last quarter. Victory Capital Management Inc. grew 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 worth $210,000 after buying an additional 596 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in TopBuild during the second quarter worth approximately $213,000. 94.87% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for TopBuild (NYSE:BLD)

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