Shares of TopBuild Corp (NYSE:BLD) reached a new 52-week high and low on Wednesday . The company traded as low as $84.52 and last traded at $83.98, with a volume of 4343 shares traded. The stock had previously closed at $82.78.
A number of research firms recently weighed in on BLD. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, May 10th. Nomura set a $100.00 price target on TopBuild and gave the company a “buy” rating in a report on Tuesday, March 13th. Jefferies Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of TopBuild in a report on Monday, April 23rd. SunTrust Banks upped their price target on TopBuild to $90.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Finally, ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $86.20.
Get TopBuild alerts:The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.01 billion, a PE ratio of 27.48 and a beta of 0.57.
TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. The firm had revenue of $491.00 million during the quarter, compared to the consensus estimate of $486.34 million. TopBuild had a return on equity of 11.49% and a net margin of 9.52%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. research analysts predict that TopBuild Corp will post 4.15 EPS for the current fiscal year.
In other news, VP Paul Joachimczyk sold 2,227 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total value of $169,586.05. Following the completion of the sale, the vice president now directly owns 7,699 shares of the company’s stock, valued at $586,278.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total value of $1,713,061.44. Following the completion of the sale, the insider now directly owns 73,917 shares of the company’s stock, valued at $5,478,728.04. The disclosure for this sale can be found here. Insiders sold 32,271 shares of company stock valued at $2,405,043 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of TopBuild by 2.5% in the first quarter. Principal Financial Group Inc. now owns 297,491 shares of the construction company’s stock valued at $22,764,000 after acquiring an additional 7,202 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of TopBuild in the first quarter valued at approximately $1,431,000. Xact Kapitalforvaltning AB boosted its holdings in shares of TopBuild by 45.5% in the first quarter. Xact Kapitalforvaltning AB now owns 5,437 shares of the construction company’s stock valued at $416,000 after acquiring an additional 1,700 shares during the period. Royal Bank of Canada boosted its holdings in shares of TopBuild by 44.4% in the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after acquiring an additional 800 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of TopBuild by 4.0% in the first quarter. Legal & General Group Plc now owns 73,877 shares of the construction company’s stock valued at $5,654,000 after acquiring an additional 2,821 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.
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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