TopBuild (BLD) Rating Reiterated by Nomura

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Nomura reissued their neutral rating on shares of TopBuild (NYSE:BLD) in a report published on Thursday morning, Benzinga reports. Nomura currently has a $85.00 target price on the construction company’s stock, down from their prior target price of $90.00.

Several other equities analysts also recently weighed in on the company. ValuEngine upgraded TopBuild from a hold rating to a buy rating in a report on Wednesday. Buckingham Research raised their price target on TopBuild from $74.00 to $90.00 and gave the company a buy rating in a report on Wednesday, May 8th. SunTrust Banks raised their price target on TopBuild to $72.00 and gave the company a hold rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded TopBuild from a hold rating to a buy rating and set a $79.00 price target for the company in a report on Tuesday, April 30th. Finally, Zelman & Associates downgraded TopBuild from a buy rating to a hold rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $81.64.

Shares of NYSE:BLD opened at $82.05 on Thursday. TopBuild has a 1-year low of $41.27 and a 1-year high of $87.21. The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.82 billion, a PE ratio of 19.58, a P/E/G ratio of 0.60 and a beta of 1.11.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.24. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The firm had revenue of $619.30 million during the quarter, compared to the consensus estimate of $599.06 million. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue was up 26.0% on a year-over-year basis. On average, sell-side analysts predict that TopBuild will post 4.99 EPS for the current fiscal year.

In related news, VP John S. Peterson sold 10,930 shares of TopBuild stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $60.36, for a total value of $659,734.80. Following the completion of the sale, the vice president now directly owns 45,126 shares in the company, valued at approximately $2,723,805.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert M. Buck sold 14,677 shares of TopBuild stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $58.66, for a total value of $860,952.82. Following the completion of the sale, the chief operating officer now owns 60,142 shares of the company’s stock, valued at $3,527,929.72. The disclosure for this sale can be found here. Insiders sold a total of 38,984 shares of company stock valued at $2,641,526 over the last quarter. 2.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Man Group plc increased its holdings in TopBuild by 69.9% in the 1st quarter. Man Group plc now owns 21,562 shares of the construction company’s stock worth $1,398,000 after buying an additional 8,872 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in TopBuild by 39.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,191 shares of the construction company’s stock worth $142,000 after buying an additional 624 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in TopBuild by 23.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 839,345 shares of the construction company’s stock worth $54,406,000 after buying an additional 157,189 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of TopBuild by 98.5% during the 1st quarter. Hsbc Holdings PLC now owns 12,321 shares of the construction company’s stock valued at $798,000 after purchasing an additional 6,114 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of TopBuild by 19.0% during the 1st quarter. Wellington Management Group LLP now owns 2,116,811 shares of the construction company’s stock valued at $137,212,000 after purchasing an additional 337,714 shares during the period. Institutional investors own 95.00% of the company’s stock.

About TopBuild

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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