TopBuild (NYSE:BLD) Upgraded to “Buy” by Zelman & Associates

Zelman & Associates upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a research report sent to investors on Friday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. Buckingham Research boosted their price target on TopBuild from $74.00 to $90.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Nomura reiterated a neutral rating and issued a $85.00 price target (down from $90.00) on shares of TopBuild in a research note on Thursday, May 16th. SunTrust Banks boosted their price target on TopBuild to $86.00 and gave the company a hold rating in a research note on Friday. ValuEngine cut TopBuild from a buy rating to a hold rating in a research note on Tuesday, May 21st. Finally, Zacks Investment Research upgraded TopBuild from a hold rating to a buy rating and set a $79.00 price target for the company in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. TopBuild has an average rating of Buy and a consensus target price of $77.50.

Shares of TopBuild stock traded up $3.70 on Friday, hitting $89.48. The stock had a trading volume of 590,909 shares, compared to its average volume of 240,910. TopBuild has a twelve month low of $41.27 and a twelve month high of $89.96. The company has a 50 day moving average price of $81.21. The company has a current ratio of 1.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.79 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86.

TopBuild (NYSE:BLD) last posted its earnings results on Thursday, August 1st. The construction company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.28 by $0.15. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The company had revenue of $660.10 million for the quarter, compared to the consensus estimate of $670.66 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts expect that TopBuild will post 5.1 EPS for the current year.

In other TopBuild news, VP John S. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $86.37, for a total transaction of $345,480.00. Following the completion of the sale, the vice president now directly owns 30,046 shares in the company, valued at $2,595,073.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald Volas sold 52,206 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $81.16, for a total value of $4,237,038.96. Following the sale, the chief executive officer now owns 202,919 shares of the company’s stock, valued at $16,468,906.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,583 shares of company stock valued at $5,357,878. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in TopBuild by 70.3% during the second quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after purchasing an additional 135 shares during the last quarter. ETF Managers Group LLC lifted its stake in TopBuild by 9.8% during the first quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock worth $121,000 after purchasing an additional 167 shares during the last quarter. Mason Street Advisors LLC lifted its stake in TopBuild by 1.6% during the first quarter. Mason Street Advisors LLC now owns 11,165 shares of the construction company’s stock worth $724,000 after purchasing an additional 176 shares during the last quarter. Comerica Bank lifted its stake in TopBuild by 0.5% during the first quarter. Comerica Bank now owns 36,058 shares of the construction company’s stock worth $2,514,000 after purchasing an additional 192 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in TopBuild by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,705 shares of the construction company’s stock worth $888,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.

TopBuild Company Profile

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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Analyst Recommendations for TopBuild (NYSE:BLD)

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