Shares of TopBuild Corp (NYSE:BLD) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $66.83.
A number of equities research analysts have commented on BLD shares. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $75.00 target price on shares of TopBuild in a research report on Wednesday, October 4th. Nomura raised shares of TopBuild from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $69.00 to $78.00 in a research report on Monday, December 18th. Jefferies Group initiated coverage on shares of TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price objective for the company. Finally, KeyCorp reissued an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th.
Several hedge funds have recently modified their holdings of the company. Flinton Capital Management LLC lifted its stake in shares of TopBuild by 66.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock valued at $100,000 after buying an additional 752 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of TopBuild during the 2nd quarter valued at $121,000. Riverhead Capital Management LLC lifted its stake in shares of TopBuild by 72.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock valued at $164,000 after buying an additional 1,297 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in shares of TopBuild during the 3rd quarter valued at $217,000. Finally, DE Burlo Group Inc. purchased a new position in shares of TopBuild during the 3rd quarter valued at $230,000. 94.87% of the stock is owned by hedge funds and other institutional investors.
TopBuild (NYSE:BLD) last posted its 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 during the quarter, compared to the consensus estimate of $491.43 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. equities analysts predict that TopBuild will post 2.74 earnings per share for the current year.
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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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