TopBuild Corp (NYSE:BLD) – KeyCorp raised their FY2019 earnings per share estimates for TopBuild in a research report issued on Thursday, August 1st. KeyCorp analyst K. Zener now forecasts that the construction company will post earnings of $5.22 per share for the year, up from their previous estimate of $5.18. KeyCorp also issued estimates for TopBuild’s FY2020 earnings at $5.87 EPS.
A number of other research analysts have also issued reports on the stock. Buckingham Research boosted their target price on shares of TopBuild from $74.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, April 30th. SunTrust Banks boosted their price target on shares of TopBuild to $86.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. ValuEngine downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TopBuild presently has a consensus rating of “Buy” and an average price target of $77.50.
TopBuild (NYSE:BLD) last posted its earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The firm had revenue of $660.10 million during the quarter, compared to analyst estimates of $670.66 million. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. TopBuild’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its holdings in shares of TopBuild by 70.3% in the 2nd quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after purchasing an additional 135 shares in the last quarter. ETF Managers Group LLC raised its holdings in shares of TopBuild by 9.8% in the 1st 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 in the last quarter. Mason Street Advisors LLC raised its holdings in shares of TopBuild by 1.6% in the 1st 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 in the last quarter. Comerica Bank raised its holdings in shares of TopBuild by 0.5% in the 1st quarter. Comerica Bank now owns 36,058 shares of the construction company’s stock worth $2,514,000 after purchasing an additional 192 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of TopBuild by 1.8% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.
In related news, CEO Gerald Volas sold 52,206 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were 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 directly owns 202,919 shares in the company, valued at approximately $16,468,906.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Buck sold 5,877 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $81.31, for a total transaction of $477,858.87. Following the completion of the sale, the insider now owns 51,911 shares in the company, valued at $4,220,883.41. The disclosure for this sale can be found here. Insiders have sold a total of 65,583 shares of company stock worth $5,357,878 over the last 90 days. 2.30% of the stock is owned by insiders.
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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