TopBuild Corp. (BLD) Receives $58.00 Consensus Target Price from Brokerages
TopBuild Corp. (NYSE:BLD) has received an average rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $58.00.
Several research analysts have recently weighed in on BLD shares. KeyCorp reissued an “overweight” rating and set a $59.00 price objective (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. Zacks Investment Research cut shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $75.00 price objective on shares of TopBuild Corp. in a report on Wednesday, October 4th.
TopBuild Corp. (NYSE BLD) traded down 0.3112% during midday trading on Friday, reaching $64.0401. 92,309 shares of the company’s stock traded hands. The firm’s 50-day moving average is $62.18 and its 200 day moving average is $62.18. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $67.27. The firm has a market cap of $2.28 billion, a PE ratio of 35.5778 and a beta of 0.64.
TopBuild Corp. (NYSE:BLD) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Equities research analysts expect that TopBuild Corp. will post $2.80 earnings per share for the current fiscal year.
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In other news, CEO Gerald Volas sold 44,356 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in BLD. Russell Investments Group Ltd. increased its holdings in TopBuild Corp. by 24.6% during the first quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock valued at $1,510,000 after buying an additional 6,349 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in TopBuild Corp. by 2.7% during the first quarter. Bank of New York Mellon Corp now owns 546,698 shares of the construction company’s stock valued at $25,694,000 after buying an additional 14,266 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in TopBuild Corp. by 9.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,223 shares of the construction company’s stock valued at $386,000 after buying an additional 740 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in TopBuild Corp. by 47.5% during the first quarter. UBS Asset Management Americas Inc. now owns 15,622 shares of the construction company’s stock valued at $734,000 after buying an additional 5,030 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in TopBuild Corp. during the first quarter valued at approximately $1,035,000. 92.01% of the stock is owned by institutional investors and hedge funds.
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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