FY2024 EPS Estimates for TopBuild Lowered by Zacks Research

TopBuild Corp. (NYSE:BLD) – Analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of TopBuild in a note issued to investors on Tuesday, November 19th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $20.98 per share 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.

Other equities analysts have also issued reports about the company. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. DA Davidson lowered their price objective 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. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI dropped their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Up 0.3 %

TopBuild stock opened at $351.05 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The stock has a market cap of $10.36 billion, a P/E ratio of 17.71, a PEG ratio of 2.19 and a beta of 1.79. The firm’s fifty day moving average price is $382.79 and its 200-day moving average price is $396.62.

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

Institutional Investors Weigh In On TopBuild

A number of large investors have recently added to or reduced their stakes in BLD. Lazard Asset Management LLC grew 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 purchasing an additional 25,973 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock valued at $5,493,000 after buying an additional 820 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after buying an additional 30,000 shares during the period. River Global Investors LLP increased its stake in shares of TopBuild by 27.3% in the 3rd quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock worth $2,818,000 after acquiring an additional 1,485 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in TopBuild in the second quarter worth about $262,000. Institutional investors own 95.67% of the company’s stock.

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.