Shares of TopBuild Corp (NYSE:BLD) shot up 8.1% during mid-day trading on Monday . The company traded as high as $74.72 and last traded at $74.30. 783,219 shares changed hands during trading, an increase of 207% from the average session volume of 255,271 shares. The stock had previously closed at $68.74.

A number of brokerages have recently issued reports on BLD. Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and lifted their price target for the company from $69.00 to $78.00 in a research report on Monday. Jefferies Group began coverage on TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price target for the company. BidaskClub downgraded TopBuild from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. SunTrust Banks reiterated a “buy” rating and set a $75.00 price target on shares of TopBuild in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. TopBuild presently has a consensus rating of “Buy” and an average price target of $65.71.

The firm has a market capitalization of $2,643.55, a price-to-earnings ratio of 29.14 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.36.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BLD. Strs Ohio purchased a new position in TopBuild in the 2nd quarter worth approximately $440,000. Daiwa Securities Group Inc. purchased a new position in TopBuild in the 2nd quarter worth approximately $111,000. Schwab Charles Investment Management Inc. increased its stake in TopBuild by 11.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 19,007 shares during the period. First Mercantile Trust Co. purchased a new position in TopBuild in the 2nd quarter worth approximately $213,000. Finally, Bank of New York Mellon Corp increased its stake in TopBuild by 1.0% in 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 purchasing an additional 5,550 shares during the period. 94.87% of the stock is currently owned by institutional investors.

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TopBuild 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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