TopBuild Corp. (NYSE:BLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
TopBuild Corp. (NYSE:BLD) opened at 33.72 on Wednesday. The company has a 50-day moving average of $33.92 and a 200-day moving average of $33.83. TopBuild Corp. has a 1-year low of $23.02 and a 1-year high of $38.94. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 12.46 and a beta of 0.17.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. The firm earned $432 million during the quarter, compared to analyst estimates of $446.65 million. TopBuild Corp. had a net margin of 6.07% and a return on equity of 7.36%. TopBuild Corp.’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Analysts predict that TopBuild Corp. will post ($0.14) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in BLD. Mason Street Advisors LLC bought a new position in shares of TopBuild Corp. during the second quarter worth about $272,000. Schwab Charles Investment Management Inc. raised its position in shares of TopBuild Corp. by 88.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,909 shares of the company’s stock worth $4,739,000 after buying an additional 61,450 shares during the last quarter. Stifel Financial Corp bought a new position in shares of TopBuild Corp. during the second quarter worth about $575,000. Legal & General Group Plc raised its position in shares of TopBuild Corp. by 79.7% in the second quarter. Legal & General Group Plc now owns 8,593 shares of the company’s stock worth $309,000 after buying an additional 3,812 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of TopBuild Corp. by 864.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 27,994 shares of the company’s stock worth $1,013,000 after buying an additional 25,091 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.
TopBuild Corp. Company Profile
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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