Analysts Issue Forecasts for TopBuild Corp.’s Q3 2024 Earnings (NYSE:BLD)

TopBuild Corp. (NYSE:BLD) – Equities researchers at DA Davidson issued their Q3 2024 EPS estimates for TopBuild in a report issued on Friday, August 9th. DA Davidson analyst K. Yinger expects that the construction company will post earnings of $5.80 per share for the quarter. DA Davidson currently has a “Buy” rating and a $460.00 price objective on the stock. The consensus estimate for TopBuild’s current full-year earnings is $21.63 per share.

BLD has been the topic of several other research reports. Benchmark lifted their price target on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Evercore ISI cut their target price on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group raised their price objective on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Price Performance

BLD opened at $378.52 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The stock has a market capitalization of $12.04 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.76. The stock’s 50 day moving average price is $412.38 and its 200-day moving average price is $408.59. TopBuild has a 52-week low of $217.08 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $5.25 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at $2,461,595.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert M. Buck sold 2,500 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the transaction, the chief executive officer now owns 69,468 shares in the company, valued at approximately $29,041,097.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nancy M. Taylor sold 300 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the sale, the director now directly owns 5,920 shares in the company, valued at $2,461,595.20. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in TopBuild during the fourth quarter worth about $154,983,000. Axiom Investors LLC DE acquired a new stake in shares of TopBuild during the fourth quarter worth $87,451,000. Capital International Investors increased its stake in shares of TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after acquiring an additional 198,614 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares during the period. Finally, Liontrust Investment Partners LLP lifted its position in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the period. 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.