TopBuild Corp. (BLD) Downgraded by BidaskClub to “Buy”
BidaskClub lowered shares of TopBuild Corp. (NYSE:BLD) from a strong-buy rating to a buy rating in a research report released on Friday morning.
Several other equities research analysts have also recently weighed in on the stock. Instinet increased their target price on shares of TopBuild Corp. from $45.00 to $50.00 and gave the company a neutral rating in a research note on Wednesday, May 10th. KeyCorp reiterated an overweight rating and issued a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. TheStreet upgraded shares of TopBuild Corp. from a c rating to a b- rating in a research note on Friday, June 16th. Finally, Zacks Investment Research cut shares of TopBuild Corp. from a strong-buy rating to a hold rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $54.60.
TopBuild Corp. (BLD) traded down 0.15% on Friday, hitting $54.79. The stock had a trading volume of 124,979 shares. The company’s 50 day moving average is $54.71 and its 200 day moving average is $49.84. TopBuild Corp. has a 12-month low of $28.81 and a 12-month high of $59.34. The firm has a market cap of $2.00 billion, a PE ratio of 30.37 and a beta of 0.63.
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. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post $2.81 EPS for the current fiscal year.
In related news, CEO Gerald Volas sold 44,356 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $56.81, for a total value of $2,519,864.36. Following the completion of the transaction, the chief executive officer now owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC raised its position in TopBuild Corp. by 66.2% in the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after buying an additional 752 shares during the period. Daiwa Securities Group Inc. acquired a new position in TopBuild Corp. during the second quarter valued at about $111,000. Schroder Investment Management Group acquired a new position in TopBuild Corp. during the second quarter valued at about $121,000. Ameritas Investment Partners Inc. acquired a new position in TopBuild Corp. during the first quarter valued at about $156,000. Finally, Victory Capital Management Inc. raised its position in TopBuild Corp. by 22.7% in the first quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock valued at $158,000 after buying an additional 624 shares during the period. 93.73% of the stock is 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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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