TopBuild (BLD) Stock Rating Reaffirmed by Seaport Global Securities

TopBuild (NYSE:BLD)‘s stock had its “buy” rating reiterated by investment analysts at Seaport Global Securities in a research report issued to clients and investors on Sunday. They currently have a $94.00 price target on the construction company’s stock. Seaport Global Securities’ price target suggests a potential upside of 22.99% from the company’s current price. Seaport Global Securities also issued estimates for TopBuild’s Q4 2018 earnings at $1.19 EPS, FY2018 earnings at $4.15 EPS and FY2019 earnings at $5.15 EPS.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised 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. MKM Partners assumed coverage on shares of TopBuild in a research note on Wednesday, June 27th. They issued a “buy” rating and a $99.00 target price on the stock. ValuEngine downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. SunTrust Banks increased their target price on shares of TopBuild to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of TopBuild in a research note on Monday, April 23rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. TopBuild presently has an average rating of “Buy” and an average target price of $95.29.

Shares of BLD traded down $1.65 during midday trading on Friday, hitting $76.43. The stock had a trading volume of 407,223 shares, compared to its average volume of 297,997. TopBuild has a 1 year low of $54.52 and a 1 year high of $87.21. The company has a market cap of $2.78 billion, a P/E ratio of 27.49 and a beta of 0.50. The company has a current ratio of 1.56, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 7th. The construction company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The business had revenue of $605.97 million for the quarter, compared to the consensus estimate of $594.43 million. analysts predict that TopBuild will post 4.16 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Investec Asset Management North America Inc. purchased a new position in TopBuild in the 2nd quarter worth about $17,665,000. Investec Asset Management LTD purchased a new position in TopBuild in the 2nd quarter worth about $68,649,000. Federated Investors Inc. PA increased its stake in TopBuild by 837.7% in the 2nd quarter. Federated Investors Inc. PA now owns 119,383 shares of the construction company’s stock worth $9,352,000 after buying an additional 106,652 shares during the period. Brown Advisory Inc. increased its stake in TopBuild by 74.8% in the 2nd quarter. Brown Advisory Inc. now owns 541,999 shares of the construction company’s stock worth $42,460,000 after buying an additional 231,843 shares during the period. Finally, Legal & General Group Plc increased its stake in TopBuild by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 76,510 shares of the construction company’s stock worth $6,028,000 after buying an additional 2,633 shares during the period. 92.03% of the stock is currently owned by institutional investors.

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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