TopBuild Corp. (BLD) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
Shares of TopBuild Corp. (NYSE:BLD) opened at 33.90 on Wednesday. The company has a 50 day moving average of $33.78 and a 200 day moving average of $34.01. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.53 and a beta of 0.17. TopBuild Corp. has a 52-week low of $23.02 and a 52-week high of $38.94.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. TopBuild Corp. had a return on equity of 7.36% and a net margin of 6.07%. The firm had revenue of $432 million for the quarter, compared to the consensus estimate of $446.65 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post ($0.15) EPS for the current fiscal year.
A number of large investors have recently modified their holdings of BLD. Bank of Montreal Can bought a new stake in shares of TopBuild Corp. during the second quarter valued at $107,000. Advisor Group Inc. acquired a new position in shares of TopBuild Corp. during the second quarter worth approximately $118,000. Independent Portfolio Consultants Inc. acquired a new position in shares of TopBuild Corp. during the second quarter worth approximately $145,000. KBC Group NV acquired a new position in shares of TopBuild Corp. during the second quarter worth approximately $153,000. Finally, PineBridge Investments L.P. raised its position in shares of TopBuild Corp. by 5.5% in the second quarter. PineBridge Investments L.P. now owns 4,878 shares of the company’s stock worth $177,000 after buying an additional 253 shares during the period. 93.49% of the stock is currently owned by hedge funds and other 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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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