TopBuild Corp. (NYSE:BLD) – Equities research analysts at KeyCorp issued their FY2017 earnings per share estimates for TopBuild Corp. in a research note issued to investors on Monday. KeyCorp analyst K. Zener forecasts that the construction company will earn $2.75 per share for the year. KeyCorp currently has a “Overweight” rating and a $59.00 target price on the stock. KeyCorp also issued estimates for TopBuild Corp.’s FY2018 earnings at $3.37 EPS.

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. The business had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS.

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A number of other research analysts have also commented on the stock. TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research lowered shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. TopBuild Corp. has an average rating of “Buy” and a consensus target price of $54.60.

Shares of TopBuild Corp. (NYSE:BLD) opened at 59.40 on Wednesday. The firm has a market cap of $2.16 billion, a PE ratio of 32.93 and a beta of 0.61. TopBuild Corp. has a 12-month low of $28.81 and a 12-month high of $60.00. The company has a 50 day moving average price of $58.30 and a 200-day moving average price of $44.53.

In related news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the transaction, the chief executive officer now owns 149,201 shares in the company, valued at $8,476,108.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BLD. Flinton Capital Management LLC increased its stake in shares of TopBuild Corp. by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after acquiring an additional 752 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of TopBuild Corp. during the second quarter valued at approximately $111,000. Schroder Investment Management Group acquired a new position in shares of TopBuild Corp. during the second quarter valued at approximately $121,000. Ameritas Investment Partners Inc. acquired a new position in shares of TopBuild Corp. during the first quarter valued at approximately $156,000. Finally, Victory Capital Management Inc. increased its stake in shares of TopBuild Corp. by 22.7% during the first quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock valued at $158,000 after acquiring an additional 624 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.

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.

Earnings History and Estimates for TopBuild Corp. (NYSE:BLD)

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