TopBuild Corp (NYSE:BLD) – Investment analysts at Jefferies Financial Group issued their Q1 2020 earnings per share estimates for TopBuild in a report issued on Wednesday, October 9th. Jefferies Financial Group analyst P. Ng forecasts that the construction company will earn $1.21 per share for the quarter. Jefferies Financial Group also issued estimates for TopBuild’s Q3 2020 earnings at $1.60 EPS and FY2021 earnings at $6.62 EPS.
Other equities analysts have also issued reports about the stock. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. SunTrust Banks boosted their price target on shares of TopBuild to $86.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $81.33.
TopBuild (NYSE:BLD) last posted its earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.15. The company had revenue of $660.10 million for 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.
In other news, CFO John S. Peterson sold 3,124 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $87.36, for a total value of $272,912.64. Following the sale, the chief financial officer now directly owns 31,708 shares of the company’s stock, valued at approximately $2,770,010.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert M. Buck sold 6,419 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $88.49, for a total transaction of $568,017.31. Following the completion of the sale, the chief operating officer now directly owns 40,011 shares in the company, valued at $3,540,573.39. The disclosure for this sale can be found here. Insiders sold a total of 43,541 shares of company stock worth $3,889,352 over the last three months. Insiders own 2.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of TopBuild by 364.8% in the 2nd quarter. Morgan Stanley now owns 218,912 shares of the construction company’s stock valued at $18,117,000 after acquiring an additional 171,813 shares during the period. Janney Montgomery Scott LLC purchased a new stake in TopBuild during the 2nd quarter worth approximately $427,000. Westfield Capital Management Co. LP increased its stake in TopBuild by 67.6% during the 2nd quarter. Westfield Capital Management Co. LP now owns 909,408 shares of the construction company’s stock worth $75,263,000 after buying an additional 366,828 shares during the period. Cortina Asset Management LLC purchased a new stake in TopBuild during the 2nd quarter worth approximately $5,179,000. Finally, Janus Henderson Group PLC increased its stake in TopBuild by 26.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,374 shares of the construction company’s stock worth $362,000 after buying an additional 906 shares during the period. 94.89% of the stock is currently 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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