TopBuild Corp (NYSE:BLD) – Seaport Global Securities upped their FY2018 earnings estimates for TopBuild in a research report issued on Thursday, August 9th. Seaport Global Securities analyst M. Mccall now forecasts that the construction company will post earnings of $4.15 per share for the year, up from their prior forecast of $4.10. Seaport Global Securities has a “Buy” rating and a $94.00 price objective on the stock. Seaport Global Securities also issued estimates for TopBuild’s Q4 2018 earnings at $1.19 EPS and FY2019 earnings at $5.15 EPS.

Several other research firms have also recently weighed in on BLD. Jefferies Financial Group reissued a “buy” rating and issued a $98.00 target price on shares of TopBuild in a research note on Friday, July 20th. Zacks Investment Research raised shares of TopBuild from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, May 10th. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. SunTrust Banks raised their target price on shares of TopBuild to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. Finally, Evercore ISI assumed coverage on shares of TopBuild in a research note on Thursday, June 28th. They issued an “outperform” rating and a $95.00 target price for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $95.29.

NYSE:BLD opened at $72.60 on Monday. TopBuild has a 1-year low of $54.52 and a 1-year high of $87.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.56 and a quick ratio of 1.18. The firm has a market capitalization of $2.72 billion, a P/E ratio of 22.28 and a beta of 0.50.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 7th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The business had revenue of $605.97 million during the quarter, compared to analysts’ expectations of $594.43 million.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in TopBuild by 4.8% during the 2nd quarter. BlackRock Inc. now owns 5,314,739 shares of the construction company’s stock valued at $416,356,000 after purchasing an additional 244,583 shares during the last quarter. Investec Asset Management LTD acquired a new stake in TopBuild during the 2nd quarter valued at $68,649,000. Victory Capital Management Inc. acquired a new stake in TopBuild during the 2nd quarter valued at $67,350,000. Westfield Capital Management Co. LP lifted its holdings in TopBuild by 35.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 622,893 shares of the construction company’s stock valued at $47,664,000 after purchasing an additional 163,768 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of TopBuild by 74.8% during the second quarter. Brown Advisory Inc. now owns 541,999 shares of the construction company’s stock worth $42,460,000 after buying an additional 231,843 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

In other TopBuild news, VP John S. Peterson sold 1,887 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $77.28, for a total transaction of $145,827.36. Following the completion of the sale, the vice president now owns 33,927 shares of the company’s stock, valued at approximately $2,621,878.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Buck sold 17,766 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $77.40, for a total value of $1,375,088.40. Following the sale, the insider now directly owns 62,696 shares of the company’s stock, valued at approximately $4,852,670.40. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Earnings History and Estimates for TopBuild (NYSE:BLD)

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