TopBuild Corp. (NYSE:BLD) Lifted to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of TopBuild Corp. (NYSE:BLD) from a hold rating to a strong-buy rating in a report published on Thursday. Zacks Investment Research currently has $67.00 target price on the construction company’s stock.
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. “
Other analysts have also recently issued reports about the stock. KeyCorp reissued an overweight rating and set a $59.00 target price (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. Instinet increased their target price on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a neutral rating in a report on Wednesday, May 10th. Finally, Nomura assumed coverage on shares of TopBuild Corp. in a report on Wednesday, April 12th. They set a neutral rating and a $45.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $54.60.
Shares of TopBuild Corp. (NYSE:BLD) traded up 0.31% during midday trading on Thursday, reaching $58.16. 245,951 shares of the company traded hands. The company has a 50 day moving average of $53.78 and a 200 day moving average of $48.48. The firm has a market capitalization of $2.12 billion, a P/E ratio of 32.24 and a beta of 0.63. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $59.34.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. The firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. On average, equities research analysts predict that TopBuild Corp. will post $2.78 earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of 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 worth $250,000 after buying an additional 49 shares during the period. Louisiana State Employees Retirement System boosted 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 worth $724,000 after buying an additional 100 shares during the period. UBS Group AG boosted 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 worth $386,000 after buying an additional 137 shares during the period. Alpha Windward LLC boosted 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 worth $598,000 after buying an additional 180 shares during the period. Finally, Nisa Investment Advisors LLC boosted 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 worth $1,552,000 after buying an additional 200 shares during the period. 92.45% of the stock is currently owned by institutional investors.
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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