TopBuild (NYSE:BLD) announced its quarterly earnings data on Thursday. The construction company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.15, Morningstar.com reports. The firm had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $670.66 million. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. TopBuild updated its FY 2019 guidance to EPS.
Shares of NYSE BLD traded up $3.70 during trading on Friday, reaching $89.48. The company had a trading volume of 590,909 shares, compared to its average volume of 240,910. The company has a fifty day simple moving average of $81.21. TopBuild has a 12 month low of $41.27 and a 12 month high of $89.96. The company has a market cap of $2.79 billion, a PE ratio of 21.36, a P/E/G ratio of 0.57 and a beta of 0.86. The company has a current ratio of 1.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.70.
BLD has been the subject of several analyst reports. SunTrust Banks lifted their price objective on TopBuild to $86.00 and gave the company a “hold” rating in a report on Friday. Nomura reissued a “neutral” rating and set a $85.00 price target (down previously from $90.00) on shares of TopBuild in a report on Thursday, May 16th. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, April 30th. Buckingham Research boosted their price target on TopBuild from $74.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.50.
Several institutional investors have recently made changes to their positions in the stock. Comerica Bank boosted its position in shares of TopBuild by 32.2% during the 2nd quarter. Comerica Bank now owns 47,651 shares of the construction company’s stock valued at $3,848,000 after purchasing an additional 11,593 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of TopBuild by 17.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,837 shares of the construction company’s stock valued at $318,000 after purchasing an additional 581 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in shares of TopBuild during the 2nd quarter valued at about $523,000. Milestone Group Inc. bought a new stake in shares of TopBuild during the 2nd quarter valued at about $215,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of TopBuild during the 2nd quarter valued at about $312,000. Institutional investors own 95.42% of the company’s stock.
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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