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.

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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.

Earnings History and Estimates for TopBuild Corp. (NYSE:BLD)

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