Jefferies Group initiated coverage on shares of TopBuild (NYSE:BLD) in a report issued on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $79.00 price objective on the construction company’s stock. Jefferies Group also issued estimates for TopBuild’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $2.73 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.49 EPS and FY2019 earnings at $4.32 EPS.

Other equities analysts have also issued reports about the stock. KeyCorp reissued an overweight rating on shares of TopBuild in a report on Friday, November 10th. BidaskClub lowered shares of TopBuild from a strong-buy rating to a buy rating in a report on Friday, August 25th. Nomura raised their target price on shares of TopBuild from $58.00 to $61.00 and gave the company a neutral rating in a report on Wednesday, November 8th. ValuEngine lowered shares of TopBuild from a buy rating to a hold rating in a report on Friday, December 1st. Finally, SunTrust Banks reissued a buy rating and issued a $75.00 target price on shares of TopBuild in a report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $63.29.

TopBuild (NYSE:BLD) traded up $1.83 during trading hours on Tuesday, reaching $67.11. 329,000 shares of the company were exchanged, compared to its average volume of 250,843. TopBuild has a 1-year low of $35.31 and a 1-year high of $69.34. The company has a market capitalization of $2,322.62, a price-to-earnings ratio of 25.60 and a beta of 0.61. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The business had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. During the same period last year, the firm earned $0.63 earnings per share. TopBuild’s revenue for the quarter was up 7.9% compared to the same quarter last year. analysts anticipate that TopBuild will post 2.74 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in TopBuild by 7.2% during the 2nd quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock worth $152,272,000 after buying an additional 193,582 shares during the period. Dimensional Fund Advisors LP boosted its position in TopBuild by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,410,107 shares of the construction company’s stock worth $157,065,000 after buying an additional 49,481 shares during the period. State Street Corp boosted its position in TopBuild by 10.2% during the 2nd quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock worth $59,890,000 after buying an additional 104,562 shares during the period. Goldman Sachs Group Inc. boosted its position in TopBuild by 12.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock worth $58,863,000 after buying an additional 122,281 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in TopBuild by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 552,248 shares of the construction company’s stock worth $29,307,000 after buying an additional 5,550 shares during the period. Institutional investors own 94.93% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/15/topbuild-bld-earns-buy-rating-from-analysts-at-jefferies-group.html.

About TopBuild

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.

Analyst Recommendations for TopBuild (NYSE:BLD)

Receive News & Stock Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related stocks with our FREE daily email newsletter.