TopBuild (NYSE:BLD) Announces Quarterly Earnings Results

TopBuild (NYSE:BLD) announced its earnings results on Tuesday. The construction company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.56 by $0.25, Briefing.com reports. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company earned $4.36 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year.

TopBuild Price Performance

NYSE:BLD traded down $2.76 during trading hours on Wednesday, reaching $393.84. The company had a trading volume of 147,110 shares, compared to its average volume of 268,525. TopBuild has a one year low of $199.31 and a one year high of $452.87. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $414.07 and a two-hundred day moving average of $363.66. The firm has a market capitalization of $12.53 billion, a PE ratio of 20.42, a PEG ratio of 2.94 and a beta of 1.67.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research analyst reports. DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target for the company. Stephens restated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their price objective on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Finally, Benchmark increased their price target on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $420.90.

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.