TopBuild Corp. (BLD) Given Consensus Recommendation of “Buy” by Brokerages
TopBuild Corp. (NYSE:BLD) has been given an average recommendation of “Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.00.
A number of research firms have weighed in on BLD. BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. KeyCorp reaffirmed an “overweight” rating and set a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $75.00 price target on shares of TopBuild Corp. in a research report on Wednesday. Finally, TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th.
Shares of TopBuild Corp. (BLD) traded up 0.06% during trading on Friday, reaching $64.94. 139,368 shares of the company traded hands. The stock has a market cap of $2.36 billion, a P/E ratio of 36.00 and a beta of 0.64. The stock’s 50 day moving average price is $61.98 and its 200-day moving average price is $61.98. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $67.27.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $477.72 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post $2.80 EPS for the current fiscal year.
In other news, CEO Gerald Volas sold 44,356 shares of the 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 sale, 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 link. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of BLD. Russell Investments Group Ltd. raised its stake in TopBuild Corp. by 24.6% in the 1st quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock valued at $1,510,000 after acquiring an additional 6,349 shares during the period. Bank of New York Mellon Corp raised its stake in TopBuild Corp. by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 546,698 shares of the construction company’s stock valued at $25,694,000 after acquiring an additional 14,266 shares during the period. BNP Paribas Arbitrage SA raised its stake in TopBuild Corp. by 9.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,223 shares of the construction company’s stock valued at $386,000 after acquiring an additional 740 shares during the period. UBS Asset Management Americas Inc. raised its stake in TopBuild Corp. by 47.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 15,622 shares of the construction company’s stock valued at $734,000 after acquiring an additional 5,030 shares during the period. Finally, Karp Capital Management Corp bought a new stake in TopBuild Corp. in the 1st quarter valued at $1,035,000. Institutional investors and hedge funds own 92.01% of the company’s stock.
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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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