TopBuild (NYSE:BLD) Announces Quarterly Earnings Results

by · The Cerbat Gem

TopBuild (NYSE:BLDGet Free Report) issued its quarterly earnings data on Tuesday. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11, FiscalAI reports. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.63 earnings per share.

TopBuild Stock Performance

Shares of BLD traded down $2.52 on Tuesday, reaching $428.04. 525,018 shares of the company’s stock traded hands, compared to its average volume of 499,031. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The stock has a market cap of $12.05 billion, a PE ratio of 23.40, a PEG ratio of 5.51 and a beta of 1.85. The stock’s 50 day simple moving average is $403.41 and its two-hundred day simple moving average is $436.74. TopBuild has a 52-week low of $273.87 and a 52-week high of $559.47.

Analyst Ratings Changes

Several analysts have recently commented on the company. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Wells Fargo & Company lowered their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada increased their price objective on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Benchmark lowered their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $447.21.

Read Our Latest Report on BLD

TopBuild News Roundup

Here are the key news stories impacting TopBuild this week:

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compound Planning Inc. increased its position in shares of TopBuild by 15.8% during the fourth quarter. Compound Planning Inc. now owns 981 shares of the construction company’s stock valued at $409,000 after acquiring an additional 134 shares during the last quarter. Corient Private Wealth LLC increased its holdings in TopBuild by 1,120.0% during the fourth quarter. Corient Private Wealth LLC now owns 92,757 shares of the construction company’s stock worth $38,697,000 after buying an additional 85,154 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in TopBuild during the fourth quarter worth about $234,000. Empowered Funds LLC increased its holdings in TopBuild by 42.3% during the fourth quarter. Empowered Funds LLC now owns 10,255 shares of the construction company’s stock worth $4,278,000 after buying an additional 3,047 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in TopBuild during the fourth quarter worth about $5,693,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

About TopBuild

(Get Free Report)

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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