Stock analysts at Jefferies Group initiated coverage on shares of TopBuild (NYSE:BLD) in a research note issued on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $79.00 price target on the construction company’s stock. Jefferies Group’s target price indicates a potential upside of 14.93% from the company’s current price. Jefferies Group also issued estimates for TopBuild’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $2.73 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.49 EPS and FY2019 earnings at $4.32 EPS.
A number of other equities analysts have also weighed in on BLD. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a research report on Wednesday, October 4th. Nomura lifted their price objective on shares of TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. BidaskClub lowered shares of TopBuild from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Finally, KeyCorp reiterated an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $63.29.
Shares of TopBuild (NYSE:BLD) traded up $1.63 on Tuesday, hitting $68.74. 794,522 shares of the stock were exchanged, compared to its average volume of 236,722. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2,444.28, a price-to-earnings ratio of 26.94 and a beta of 0.61. TopBuild has a twelve month low of $35.31 and a twelve month high of $69.34.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Shelton Capital Management purchased a new stake in shares of TopBuild during the 3rd quarter worth $234,000. Public Employees Retirement System of Ohio boosted its position in shares of TopBuild by 12.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 38,193 shares of the construction company’s stock worth $2,489,000 after purchasing an additional 4,149 shares in the last quarter. Dean Investment Associates LLC purchased a new stake in shares of TopBuild during the 3rd quarter worth $3,351,000. Dana Investment Advisors Inc. boosted its position in shares of TopBuild by 65.2% during the 3rd quarter. Dana Investment Advisors Inc. now owns 73,690 shares of the construction company’s stock worth $4,802,000 after purchasing an additional 29,076 shares in the last quarter. Finally, Insight Capital Research & Management Inc. boosted its position in shares of TopBuild by 59.4% during the 3rd quarter. Insight Capital Research & Management Inc. now owns 38,539 shares of the construction company’s stock worth $2,512,000 after purchasing an additional 14,367 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.
TopBuild 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.