TopBuild Corp. (BLD) Receives Average Rating of “Buy” from Brokerages
Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $58.00.
Several brokerages have recently weighed in on BLD. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Thursday, August 10th. BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $75.00 price target on shares of TopBuild Corp. in a report on Wednesday, October 4th.
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, beating the consensus estimate of $0.58 by $0.09. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The business had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 9.9% on a year-over-year basis.
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In related news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction dated Friday, August 18th. The shares were 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 of the company’s stock, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in shares of TopBuild Corp. by 16.4% in the second quarter. Wells Fargo & Company MN now owns 41,691 shares of the construction company’s stock worth $2,212,000 after acquiring an additional 5,876 shares during the last quarter. Fiera Capital Corp bought a new position in shares of TopBuild Corp. in the second quarter worth about $12,805,000. Citadel Advisors LLC bought a new position in shares of TopBuild Corp. in the first quarter worth about $209,000. Chicago Equity Partners LLC bought a new position in shares of TopBuild Corp. in the second quarter worth about $2,599,000. Finally, Vanguard Group Inc. raised its stake in shares of TopBuild Corp. by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock worth $154,490,000 after acquiring an additional 139,066 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.
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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