TopBuild Corp (NYSE:BLD) – Analysts at SunTrust Banks lifted their Q4 2018 earnings per share (EPS) estimates for TopBuild in a note issued to investors on Tuesday, November 6th. SunTrust Banks analyst K. Hughes now expects that the construction company will earn $1.23 per share for the quarter, up from their prior forecast of $1.19. SunTrust Banks has a “Buy” rating and a $70.00 price objective on the stock. SunTrust Banks also issued estimates for TopBuild’s Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $1.45 EPS and Q4 2019 earnings at $1.46 EPS.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded TopBuild from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Stephens downgraded TopBuild from an “overweight” rating to an “equal” rating and set a $52.00 price target for the company. in a report on Thursday, October 18th. ValuEngine downgraded TopBuild from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th. Macquarie reduced their price target on TopBuild from $83.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 6th. Finally, KeyCorp set a $81.00 price target on TopBuild and gave the company a “buy” rating in a report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $84.70.
TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.01. The firm had revenue of $647.30 million during the quarter, compared to the consensus estimate of $643.65 million. TopBuild had a return on equity of 13.22% and a net margin of 8.96%. TopBuild’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Trexquant Investment LP acquired a new stake in TopBuild during the third quarter valued at approximately $633,000. FMR LLC raised its stake in TopBuild by 1.9% during the third quarter. FMR LLC now owns 2,127,215 shares of the construction company’s stock valued at $120,868,000 after buying an additional 38,754 shares in the last quarter. BlackRock Inc. raised its stake in TopBuild by 2.3% during the third quarter. BlackRock Inc. now owns 5,438,637 shares of the construction company’s stock valued at $309,024,000 after buying an additional 123,898 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in TopBuild during the third quarter valued at approximately $250,000. Finally, Alliancebernstein L.P. raised its stake in TopBuild by 24.1% during the third quarter. Alliancebernstein L.P. now owns 100,546 shares of the construction company’s stock valued at $5,713,000 after buying an additional 19,540 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
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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