Wall Street analysts predict that TopBuild Corp (NYSE:BLD) will post $671.20 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TopBuild’s earnings, with estimates ranging from $665.10 million to $680.30 million. TopBuild posted sales of $647.29 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that TopBuild will report full-year sales of $2.62 billion for the current year, with estimates ranging from $2.61 billion to $2.63 billion. For the next fiscal year, analysts expect that the business will report sales of $2.75 billion, with estimates ranging from $2.73 billion to $2.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover TopBuild.
TopBuild (NYSE:BLD) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.15. The firm had revenue of $660.10 million for the quarter, compared to analyst estimates of $670.66 million. TopBuild had a return on equity of 15.65% and a net margin of 6.67%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS.
A number of brokerages have commented on BLD. Zacks Investment Research lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Thursday. Zelman & Associates upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, SunTrust Banks increased their price objective on TopBuild to $86.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.17.
Shares of BLD opened at $94.03 on Friday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.31 and a current ratio of 1.63. The business’s fifty day moving average price is $92.15 and its two-hundred day moving average price is $80.41. TopBuild has a 52 week low of $41.27 and a 52 week high of $97.99.
In other news, COO Robert M. Buck sold 6,419 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $88.49, for a total value of $568,017.31. Following the transaction, the chief operating officer now owns 40,011 shares of the company’s stock, valued at approximately $3,540,573.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gerald Volas sold 25,445 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $90.04, for a total value of $2,291,067.80. Following the completion of the transaction, the chief executive officer now directly owns 161,698 shares in the company, valued at approximately $14,559,287.92. The disclosure for this sale can be found here. Insiders sold a total of 43,541 shares of company stock worth $3,889,352 over the last quarter. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of TopBuild by 0.5% in the 2nd quarter. BlackRock Inc. now owns 5,496,708 shares of the construction company’s stock valued at $454,906,000 after purchasing an additional 28,445 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of TopBuild by 67.6% in the 2nd quarter. Westfield Capital Management Co. LP now owns 909,408 shares of the construction company’s stock valued at $75,263,000 after purchasing an additional 366,828 shares during the period. Invesco Ltd. lifted its stake in shares of TopBuild by 45.1% in the 2nd quarter. Invesco Ltd. now owns 587,216 shares of the construction company’s stock valued at $48,598,000 after purchasing an additional 182,591 shares during the period. Northern Trust Corp lifted its stake in shares of TopBuild by 0.5% in the 2nd quarter. Northern Trust Corp now owns 526,589 shares of the construction company’s stock valued at $43,580,000 after purchasing an additional 2,407 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of TopBuild by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 370,497 shares of the construction company’s stock valued at $16,672,000 after purchasing an additional 24,140 shares during the period. 94.89% of the stock is currently owned by institutional investors.
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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