Seaport Global Securities Equities Analysts Reduce Earnings Estimates for TopBuild Corp. (BLD)
TopBuild Corp. (NYSE:BLD) – Analysts at Seaport Global Securities reduced their FY2018 EPS estimates for shares of TopBuild Corp. in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Mccall now expects that the construction company will post earnings of $3.35 per share for the year, down from their prior forecast of $3.40.
TopBuild Corp. (NYSE:BLD) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The business had revenue of $474.50 million during the quarter, compared to analyst estimates of $477.72 million. During the same quarter in the previous year, the firm earned $0.43 EPS. TopBuild Corp.’s revenue was up 9.9% on a year-over-year basis.
COPYRIGHT VIOLATION WARNING: “Seaport Global Securities Equities Analysts Reduce Earnings Estimates for TopBuild Corp. (BLD)” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/06/seaport-global-securities-equities-analysts-reduce-earnings-estimates-for-topbuild-corp-bld.html.
Several other equities research analysts also recently weighed in on BLD. SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 price target on shares of TopBuild Corp. in a report on Wednesday. Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a report on Thursday, August 10th. BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Finally, KeyCorp reissued an “overweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a 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 assigned a strong buy rating to the company’s stock. TopBuild Corp. has a consensus rating of “Buy” and a consensus price target of $58.00.
Shares of TopBuild Corp. (BLD) traded up 0.82% during trading on Friday, reaching $65.43. The company’s stock had a trading volume of 40,877 shares. TopBuild Corp. has a 12-month low of $28.81 and a 12-month high of $67.27. The stock has a market capitalization of $2.38 billion, a PE ratio of 36.27 and a beta of 0.64. The firm’s 50-day moving average is $61.82 and its 200-day moving average is $61.82.
Large investors have recently made changes to their positions in the company. Flinton Capital Management LLC raised its stake in shares of TopBuild Corp. by 66.2% in the second 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. purchased a new position in shares of TopBuild Corp. in the second quarter worth about $111,000. Schroder Investment Management Group purchased a new position in shares of TopBuild Corp. in the second quarter worth about $121,000. Riverhead Capital Management LLC raised its stake in shares of TopBuild Corp. by 72.1% in the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after purchasing an additional 1,297 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of TopBuild Corp. in the first quarter worth about $156,000. Hedge funds and other institutional investors 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 dated Friday, August 18th. The stock was sold at an average price of $56.81, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.
Receive News & Ratings for TopBuild Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild Corp. and related companies with MarketBeat.com's FREE daily email newsletter.