TopBuild (NYSE:BLD) Announces Earnings Results

TopBuild (NYSE:BLD) issued its earnings results on Tuesday. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06, Zacks reports. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.43 EPS. TopBuild updated its FY 2024 guidance to EPS.

TopBuild Stock Performance

Shares of NYSE BLD traded up $1.37 during trading on Thursday, reaching $372.54. 281,445 shares of the company traded hands, compared to its average volume of 243,451. The stock has a market cap of $11.24 billion, a P/E ratio of 19.16, a PEG ratio of 2.27 and a beta of 1.79. The firm’s fifty day simple moving average is $385.53 and its 200 day simple moving average is $399.50. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild has a 12-month low of $262.64 and a 12-month high of $495.68.

Analyst Upgrades and Downgrades

BLD has been the subject of several recent research reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI lowered their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Truist Financial cut their price target 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. Two analysts have rated the stock with a hold rating and nine have given 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 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.