Shares of TopBuild Corp. (NYSE:BLD) have been given an average rating of “Buy” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $58.00.
Several equities analysts have recently commented on BLD shares. Zacks Investment Research downgraded TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a report on Wednesday, October 4th.
In other news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $56.81, for a total value of $2,519,864.36. Following the sale, the chief executive officer now directly owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of TopBuild Corp. by 16.4% in the second quarter. Wells Fargo & Company MN now owns 41,691 shares of the construction company’s stock worth $2,212,000 after purchasing an additional 5,876 shares during the last quarter. Fiera Capital Corp bought a new stake in TopBuild Corp. during the second quarter worth approximately $12,805,000. Citadel Advisors LLC bought a new stake in TopBuild Corp. during the first quarter worth approximately $209,000. Chicago Equity Partners LLC bought a new stake in TopBuild Corp. during the second quarter worth approximately $2,599,000. Finally, Vanguard Group Inc. increased its stake in TopBuild Corp. by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock worth $154,490,000 after acquiring an additional 139,066 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TopBuild Corp. (NYSE:BLD) traded up $0.18 during trading on Thursday, hitting $63.94. The stock had a trading volume of 264,926 shares, compared to its average volume of 206,190. TopBuild Corp. has a fifty-two week low of $29.55 and a fifty-two week high of $67.27. The stock has a market capitalization of $2,368.40, a P/E ratio of 27.21 and a beta of 0.62. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 0.25.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The business had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. analysts forecast that TopBuild Corp. will post 2.75 earnings per share for the current year.
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About TopBuild Corp.
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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