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

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

TopBuild Trading Up 0.4 %

Shares of BLD traded up $1.37 during midday trading on Thursday, hitting $372.54. The stock had a trading volume of 281,445 shares, compared to its average volume of 243,451. TopBuild has a 1 year low of $262.64 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The stock’s 50 day moving average is $385.53 and its 200 day moving average is $399.50. The firm has a market cap of $11.24 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BLD shares. Evercore ISI cut their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday. Stephens decreased their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

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.