TopBuild Corp. (BLD) Upgraded to “B-” by TheStreet
TopBuild Corp. (NYSE:BLD) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Friday.
Other equities research analysts have also recently issued reports about the company. Instinet upped their target price on TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 10th. Nomura initiated coverage on TopBuild Corp. in a research note on Wednesday, April 12th. They set a “neutral” rating and a $45.00 price objective for the company. Seaport Global Securities initiated coverage on TopBuild Corp. in a research note on Thursday, March 16th. They set a “buy” rating and a $52.00 price objective for the company. Finally, Zacks Investment Research upgraded TopBuild Corp. from a “sell” rating to a “hold” rating and set a $49.00 price objective for the company in a research note on Thursday, March 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.80.
Shares of TopBuild Corp. (NYSE BLD) traded up 0.19% during mid-day trading on Friday, reaching $53.47. The company had a trading volume of 82,761 shares. The firm has a 50-day moving average price of $52.47 and a 200-day moving average price of $44.26. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 33.65 and a beta of 0.65. TopBuild Corp. has a 1-year low of $28.81 and a 1-year high of $54.78.
TopBuild Corp. (NYSE:BLD) last issued its earnings results on Tuesday, May 9th. The construction company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. TopBuild Corp. had a return on equity of 8.21% and a net margin of 3.38%. The business had revenue of $441.36 million during the quarter, compared to analysts’ expectations of $432.01 million. During the same period in the prior year, the business earned $0.31 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post $2.71 earnings per share for the current year.
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In related news, COO Robert M. Buck sold 10,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the sale, the chief operating officer now directly owns 59,204 shares in the company, valued at approximately $3,078,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of the company. Thompson Investment Management Inc. boosted its stake in shares of TopBuild Corp. by 2.5% in the fourth quarter. Thompson Investment Management Inc. now owns 126,320 shares of the construction company’s stock worth $3,887,000 after buying an additional 3,098 shares during the period. Swiss National Bank boosted its stake in shares of TopBuild Corp. by 0.7% in the third quarter. Swiss National Bank now owns 60,721 shares of the construction company’s stock worth $2,016,000 after buying an additional 400 shares during the period. Wellington Management Group LLP boosted its stake in shares of TopBuild Corp. by 28.1% in the first quarter. Wellington Management Group LLP now owns 1,478,538 shares of the construction company’s stock worth $43,972,000 after buying an additional 324,186 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of TopBuild Corp. by 16.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,522,642 shares of the construction company’s stock worth $45,283,000 after buying an additional 219,100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of TopBuild Corp. by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the construction company’s stock worth $615,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 92.78% of the company’s stock.
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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