TopBuild Corp (NYSE:BLD) – Stock analysts at Jefferies Group boosted their Q1 2018 earnings estimates for TopBuild in a research report issued to clients and investors on Wednesday. Jefferies Group analyst P. Ng now forecasts that the construction company will post earnings of $0.72 per share for the quarter, up from their previous estimate of $0.62. Jefferies Group has a “Buy” rating and a $79.00 price objective on the stock. Jefferies Group also issued estimates for TopBuild’s Q2 2018 earnings at $1.00 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.13 EPS.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The firm had revenue of $489.04 million for the quarter, compared to the consensus estimate of $491.43 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis.

BLD has been the topic of several other research reports. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. KeyCorp reissued an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and raised their price objective for the company from $69.00 to $78.00 in a report on Monday, December 18th. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks restated a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $68.43.

Shares of TopBuild (NYSE:BLD) opened at $77.28 on Thursday. TopBuild has a 12 month low of $36.10 and a 12 month high of $78.39. The stock has a market capitalization of $2,750.00 and a PE ratio of 38.07. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC grew its holdings in shares of TopBuild by 66.2% in the 2nd 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 in the last quarter. Schroder Investment Management Group bought a new position in shares of TopBuild in the 2nd quarter valued at about $121,000. Riverhead Capital Management LLC grew its holdings in shares of TopBuild by 72.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after acquiring an additional 1,297 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new position in shares of TopBuild in the 3rd quarter valued at about $217,000. Finally, DE Burlo Group Inc. bought a new position in shares of TopBuild in the 3rd quarter valued at about $230,000. Institutional investors own 94.87% of the company’s stock.

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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.

Earnings History and Estimates for TopBuild (NYSE:BLD)

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