Zacks Research Has Negative View of TopBuild FY2024 Earnings

TopBuild Corp. (NYSE:BLD) – Investment analysts at Zacks Research lowered their FY2024 EPS estimates for TopBuild in a research note issued on Tuesday, November 19th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings per share of $20.98 for the year, down from their prior forecast of $21.10. The consensus estimate for TopBuild’s current full-year earnings is $21.00 per share. Zacks Research also issued estimates for TopBuild’s Q1 2025 earnings at $4.86 EPS, Q2 2025 earnings at $5.60 EPS, Q3 2025 earnings at $6.02 EPS, Q4 2025 earnings at $5.69 EPS, FY2025 earnings at $22.18 EPS, Q1 2026 earnings at $5.42 EPS, Q2 2026 earnings at $5.97 EPS, Q3 2026 earnings at $6.31 EPS and FY2026 earnings at $23.71 EPS.

A number of other research analysts also recently issued reports on BLD. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Stephens reduced their price objective 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Price Performance

Shares of BLD opened at $351.05 on Thursday. The firm has a market cap of $10.36 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. TopBuild has a 52-week low of $291.98 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The business’s 50 day moving average price is $382.79 and its two-hundred day moving average price is $396.62.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $5.43 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year.

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild during the 3rd quarter valued at $114,220,000. FMR LLC lifted its holdings in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. Jennison Associates LLC lifted its holdings in TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after purchasing an additional 110,143 shares during the last quarter. Natixis Advisors LLC bought a new position in TopBuild during the third quarter worth about $41,981,000. Finally, Liontrust Investment Partners LLP increased its stake in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after purchasing an additional 57,880 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Company Profile

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.