TopBuild Corp (NYSE:BLD) – Seaport Global Securities issued their Q1 2019 earnings estimates for shares of TopBuild in a research report issued to clients and investors on Wednesday, November 7th. Seaport Global Securities analyst M. Mccall expects that the construction company will post earnings of $0.93 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $94.00 price objective on the stock.
TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 6th. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The business had revenue of $647.30 million during the quarter, compared to analysts’ expectations of $643.65 million. TopBuild had a net margin of 8.96% and a return on equity of 13.22%. The company’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share.
A number of other research firms have also recently commented on BLD. Zacks Investment Research cut shares of TopBuild from a “hold” rating to a “sell” rating in a research note on Tuesday. Stephens cut shares of TopBuild from an “overweight” rating to an “equal” rating and set a $52.00 target price for the company. in a research note on Thursday, October 18th. ValuEngine cut shares of TopBuild from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Jefferies Financial Group reissued a “buy” rating and set a $98.00 target price on shares of TopBuild in a research note on Friday, July 20th. Finally, Macquarie cut their target price on shares of TopBuild from $83.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. TopBuild currently has a consensus rating of “Buy” and a consensus price target of $84.70.
BLD stock opened at $51.31 on Friday. The stock has a market cap of $1.90 billion, a PE ratio of 13.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.18. TopBuild has a 52 week low of $42.18 and a 52 week high of $87.21.
A number of hedge funds and other institutional investors have recently made changes to their positions in BLD. Royal Bank of Canada boosted its holdings in TopBuild by 44.4% in the 1st quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after purchasing an additional 800 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in TopBuild in the 3rd quarter valued at about $207,000. Cim Investment Mangement Inc. acquired a new position in TopBuild in the 2nd quarter valued at about $210,000. Point72 Hong Kong Ltd acquired a new position in TopBuild in the 2nd quarter valued at about $219,000. Finally, Janus Henderson Group PLC acquired a new position in TopBuild in the 3rd quarter valued at about $250,000. 94.45% of the stock is owned by institutional investors.
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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