TopBuild (NYSE:BLD) Issues Earnings Results, Beats Expectations By $0.06 EPS

TopBuild (NYSE:BLD) announced its quarterly earnings results on Tuesday. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06, Zacks reports. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $5.43 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. TopBuild updated its FY 2024 guidance to EPS.

TopBuild Stock Performance

NYSE BLD traded down $9.76 on Wednesday, hitting $367.95. 394,196 shares of the stock traded hands, compared to its average volume of 287,602. 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 firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.21 and a beta of 1.79. TopBuild has a 12 month low of $262.64 and a 12 month high of $495.68. The business’s fifty day moving average is $385.93 and its two-hundred day moving average is $399.70.

Analysts Set New Price Targets

Several research firms recently issued reports on BLD. Truist Financial reduced their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI dropped their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average target price of $441.56.

About TopBuild

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.