Q4 2017 Earnings Forecast for TopBuild Corp. (BLD) Issued By Seaport Global Securities
TopBuild Corp. (NYSE:BLD) – Research analysts at Seaport Global Securities upped their Q4 2017 earnings estimates for TopBuild Corp. in a report released on Tuesday. Seaport Global Securities analyst M. Mccall now forecasts that the construction company will earn $0.85 per share for the quarter, up from their prior estimate of $0.84.
A number of other research firms also recently weighed in on BLD. SunTrust Banks, Inc. reissued a “buy” rating and set a $75.00 price target on shares of TopBuild Corp. in a research report on Wednesday. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research report on Thursday, August 10th. BidaskClub downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. 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. Finally, TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.00.
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Shares of TopBuild Corp. (BLD) opened at 65.61 on Thursday. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $67.27. The stock has a market cap of $2.39 billion, a P/E ratio of 36.37 and a beta of 0.64. The stock’s 50 day moving average is $61.65 and its 200 day moving average is $61.65.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS.
In related news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the transaction, the chief executive officer now directly owns 149,201 shares in the company, valued at $8,476,108.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in BLD. BlackRock Inc. lifted its stake in TopBuild Corp. by 35,157.0% during the first quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock worth $259,449,000 after purchasing an additional 5,504,531 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in TopBuild Corp. during the second quarter worth $17,832,000. Koch Industries Inc. bought a new position in TopBuild Corp. during the second quarter worth $324,000. William Blair Investment Management LLC bought a new position in TopBuild Corp. during the second quarter worth $16,207,000. Finally, Dimensional Fund Advisors LP lifted its stake in TopBuild Corp. by 14.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,196,035 shares of the construction company’s stock worth $103,213,000 after purchasing an additional 275,422 shares during the last quarter. Hedge funds and other institutional investors own 92.01% of the company’s stock.
TopBuild Corp. 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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