Equities research analysts expect TopBuild Corp (NYSE:BLD) to announce sales of $678.90 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for TopBuild’s earnings. The lowest sales estimate is $670.60 million and the highest is $693.80 million. TopBuild posted sales of $605.97 million during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is scheduled to report its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that TopBuild will report full year sales of $2.65 billion for the current financial year, with estimates ranging from $2.62 billion to $2.68 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.80 billion, with estimates ranging from $2.77 billion to $2.85 billion. Zacks’ sales averages are an average based on a survey of research firms that cover TopBuild.
TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.24. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The company had revenue of $619.30 million during the quarter, compared to analyst estimates of $599.06 million. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis.
Several equities research analysts recently weighed in on the company. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Nomura reissued a “neutral” rating and issued a $85.00 price objective (down previously from $90.00) on shares of TopBuild in a report on Thursday, May 16th. Buckingham Research lifted their price objective on TopBuild from $74.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. SunTrust Banks lifted their price objective on TopBuild to $72.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.64.
BLD traded up $1.58 during trading hours on Thursday, hitting $82.21. The stock had a trading volume of 356,670 shares, compared to its average volume of 306,909. TopBuild has a 1 year low of $41.27 and a 1 year high of $86.96. The firm has a market cap of $2.78 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.20 and a current ratio of 1.56.
In other news, insider Robert M. Buck sold 3,500 shares of TopBuild stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $85.00, for a total transaction of $297,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John S. Peterson sold 4,000 shares of TopBuild stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $86.37, for a total value of $345,480.00. Following the sale, the vice president now owns 30,046 shares of the company’s stock, valued at approximately $2,595,073.02. The disclosure for this sale can be found here. Insiders have sold a total of 65,583 shares of company stock valued at $5,357,878 in the last ninety days. Insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of TopBuild by 2.4% during the 1st quarter. Nordea Investment Management AB now owns 86,238 shares of the construction company’s stock valued at $5,590,000 after acquiring an additional 2,010 shares during the last quarter. Man Group plc boosted its position in shares of TopBuild by 69.9% during the 1st quarter. Man Group plc now owns 21,562 shares of the construction company’s stock valued at $1,398,000 after acquiring an additional 8,872 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of TopBuild by 39.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,191 shares of the construction company’s stock valued at $142,000 after acquiring an additional 624 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of TopBuild by 23.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 839,345 shares of the construction company’s stock valued at $54,406,000 after acquiring an additional 157,189 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of TopBuild by 98.5% during the 1st quarter. Hsbc Holdings PLC now owns 12,321 shares of the construction company’s stock valued at $798,000 after acquiring an additional 6,114 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
TopBuild Company Profile
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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