Equities Analysts Set Expectations for TopBuild Q3 Earnings

TopBuild Corp. (NYSE:BLD) – Equities researchers at DA Davidson dropped their Q3 2024 earnings per share (EPS) estimates for shares of TopBuild in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst K. Yinger now expects that the construction company will earn $5.60 per share for the quarter, down from their prior forecast of $5.80. DA Davidson has a “Buy” rating and a $460.00 price objective on the stock. The consensus estimate for TopBuild’s current full-year earnings is $21.08 per share. DA Davidson also issued estimates for TopBuild’s FY2024 earnings at $20.94 EPS and FY2025 earnings at $22.47 EPS.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $5.25 EPS. The firm’s revenue was up 3.7% on a year-over-year basis.

A number of other research analysts also recently weighed in on BLD. Evercore ISI upped their target price on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Stephens reduced their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Stock Down 1.2 %

BLD stock opened at $367.16 on Monday. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The business’s 50 day moving average price is $390.06 and its two-hundred day moving average price is $401.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77.

Institutional Investors Weigh In On TopBuild

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Liontrust Investment Partners LLP raised its holdings in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the period. Forge First Asset Management Inc. bought a new position in TopBuild in the first quarter worth approximately $16,158,000. Distillate Capital Partners LLC bought a new position in TopBuild in the second quarter worth approximately $13,832,000. Vident Advisory LLC bought a new position in TopBuild in the first quarter worth approximately $13,707,000. Finally, DekaBank Deutsche Girozentrale grew its stake in TopBuild by 29.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after purchasing an additional 30,000 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.