Zacks Research Brokers Cut Earnings Estimates for TopBuild

TopBuild Corp. (NYSE:BLD) – Equities researchers at Zacks Research cut their FY2024 earnings estimates for TopBuild in a report issued on Tuesday, November 19th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will earn $20.98 per share for the year, down from their previous estimate of $21.10. The consensus estimate for TopBuild’s current full-year earnings is $21.00 per share. Zacks Research also issued estimates for TopBuild’s Q1 2025 earnings at $4.86 EPS, Q2 2025 earnings at $5.60 EPS, Q3 2025 earnings at $6.02 EPS, Q4 2025 earnings at $5.69 EPS, FY2025 earnings at $22.18 EPS, Q1 2026 earnings at $5.42 EPS, Q2 2026 earnings at $5.97 EPS, Q3 2026 earnings at $6.31 EPS and FY2026 earnings at $23.71 EPS.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.43 earnings per share.

BLD has been the topic of several other research reports. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Truist Financial reduced their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Evercore ISI reduced their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Stock Performance

Shares of TopBuild stock opened at $361.14 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild has a twelve month low of $291.98 and a twelve month high of $495.68. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.20 and a beta of 1.79. The company’s fifty day moving average is $382.61 and its 200 day moving average is $396.37.

Institutional Trading of TopBuild

Institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after purchasing an additional 23 shares in the last quarter. Andina Capital Management LLC boosted its position in shares of TopBuild by 3.2% during the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after purchasing an additional 27 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of TopBuild by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after purchasing an additional 30 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its position in shares of TopBuild by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.