TopBuild Corp. Forecasted to Earn Q3 2017 Earnings of $0.81 Per Share (BLD)
TopBuild Corp. (NYSE:BLD) – Equities research analysts at SunTrust Banks decreased their Q3 2017 earnings per share estimates for shares of TopBuild Corp. in a note issued to investors on Wednesday. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.81 per share for the quarter, down from their previous estimate of $0.83. SunTrust Banks currently has a “Buy” rating and a $75.00 target price on the stock. SunTrust Banks also issued estimates for TopBuild Corp.’s Q4 2017 earnings at $0.81 EPS, FY2017 earnings at $2.75 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.08 EPS, FY2018 earnings at $3.58 EPS and FY2019 earnings at $4.46 EPS.
TopBuild Corp. (NYSE:BLD) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS.
Other research analysts have also issued reports about the company. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research lowered TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, KeyCorp reiterated an “overweight” rating and issued a $59.00 price objective (up from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. 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 stock. TopBuild Corp. currently has an average rating of “Buy” and a consensus price target of $58.00.
Shares of TopBuild Corp. (NYSE BLD) opened at 65.61 on Thursday. The company has a market cap of $2.39 billion, a P/E ratio of 36.37 and a beta of 0.64. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $67.27. The company’s 50-day moving average price is $61.65 and its 200 day moving average price is $61.65.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. BlackRock Inc. boosted its position in shares of 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 buying an additional 5,504,531 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of TopBuild Corp. during the second quarter worth $17,832,000. Koch Industries Inc. purchased a new position in shares of TopBuild Corp. during the second quarter worth $324,000. William Blair Investment Management LLC purchased a new position in shares of TopBuild Corp. during the second quarter worth $16,207,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 275,422 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.
In other 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 completion of the transaction, the chief executive officer now directly owns 149,201 shares in the company, valued at $8,476,108.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% 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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