What is DA Davidson’s Forecast for TopBuild Q4 Earnings?

TopBuild Corp. (NYSE:BLD) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of TopBuild in a report released on Thursday, November 7th. DA Davidson analyst K. Yinger anticipates that the construction company will post earnings of $5.14 per share for the quarter. DA Davidson currently has a “Buy” rating and a $450.00 target price on the stock. The consensus estimate for TopBuild’s current full-year earnings is $21.03 per share.

Several other research firms also recently commented on BLD. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. 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 research note on Wednesday, August 7th. Stephens reduced their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Evercore ISI lowered their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Stock Performance

Shares of TopBuild stock opened at $372.54 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average is $385.15 and its two-hundred day moving average is $399.31. TopBuild has a 52 week low of $262.64 and a 52 week high of $495.68. The company has a market capitalization 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.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $5.43 EPS.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLD. Vanguard Group Inc. boosted its holdings in shares of TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after acquiring an additional 15,965 shares during the last quarter. Liontrust Investment Partners LLP boosted its holdings in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in TopBuild during the 3rd quarter worth about $114,220,000. Bank of New York Mellon Corp raised its stake in shares of TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock valued at $100,927,000 after buying an additional 2,133 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after buying an additional 25,973 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.