Q3 2017 EPS Estimates for TopBuild Corp. (BLD) Reduced by SunTrust Banks
TopBuild Corp. (NYSE:BLD) – SunTrust Banks reduced their Q3 2017 EPS estimates for TopBuild Corp. in a note issued to investors on Monday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.86. SunTrust Banks also issued estimates for TopBuild Corp.’s FY2017 earnings at $2.77 EPS.
TopBuild Corp. (NYSE:BLD) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for TopBuild Corp. (BLD) Reduced by SunTrust Banks” was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/04/q3-2017-eps-estimates-for-topbuild-corp-bld-reduced-by-suntrust-banks.html.
BLD has been the topic of several other reports. KeyCorp reissued an “overweight” rating and set a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research downgraded TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.60.
Shares of TopBuild Corp. (BLD) opened at 66.80 on Wednesday. The company’s 50 day moving average price is $61.42 and its 200-day moving average price is $61.42. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $66.97. The firm has a market capitalization of $2.43 billion, a P/E ratio of 37.03 and a beta of 0.64.
Several institutional investors have recently added to or reduced their stakes in BLD. Flinton Capital Management LLC increased its position in shares of TopBuild Corp. by 66.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after purchasing an additional 752 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of TopBuild Corp. in the 2nd quarter worth about $111,000. Schroder Investment Management Group bought a new position in shares of TopBuild Corp. in the 2nd quarter worth about $121,000. Riverhead Capital Management LLC lifted its position in shares of TopBuild Corp. by 72.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after buying an additional 1,297 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of TopBuild Corp. in the 1st quarter worth about $156,000. Institutional investors own 92.01% of the company’s stock.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $56.81, for a total value of $2,519,864.36. Following the transaction, the chief executive officer now owns 149,201 shares in the company, valued at approximately $8,476,108.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% 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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