TopBuild Corp. (BLD) Receives $54.60 Average PT from Analysts
TopBuild Corp. (NYSE:BLD) has been given an average rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $54.60.
BLD has been the topic of a number of research analyst reports. KeyCorp reissued an “overweight” rating and set a $59.00 price objective (up previously 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. Zacks Investment Research lowered shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th.
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In other news, CEO Gerald Volas sold 44,356 shares of the firm’s 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 transaction, the chief executive officer now owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in shares of TopBuild Corp. in the 1st quarter valued at about $209,000. Vanguard Group Inc. boosted its stake in shares of TopBuild Corp. by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after purchasing an additional 139,066 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of TopBuild Corp. by 243.0% in the 1st quarter. Bank of America Corp DE now owns 223,578 shares of the construction company’s stock valued at $10,508,000 after purchasing an additional 158,394 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of TopBuild Corp. by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 311,499 shares of the construction company’s stock valued at $14,640,000 after purchasing an additional 9,147 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TopBuild Corp. by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 296,251 shares of the construction company’s stock valued at $13,923,000 after purchasing an additional 8,086 shares during the last quarter. 92.01% of the stock is currently owned by institutional investors.
Shares of TopBuild Corp. (NYSE BLD) traded up 0.87% during mid-day trading on Wednesday, hitting $58.82. 630,762 shares of the stock were exchanged. The company’s 50-day moving average is $58.63 and its 200-day moving average is $51.89. TopBuild Corp. has a 1-year low of $28.81 and a 1-year high of $60.00. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 32.61 and a beta of 0.61.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The firm had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that TopBuild Corp. will post $2.80 earnings per share for the current fiscal year.
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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