TopBuild (BLD) Now Covered by Jefferies Group

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.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. analysts expect that TopBuild will post 2.74 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for TopBuild (NYSE:BLD)