TopBuild Corp. (NYSE:BLD – Get Rating) – Stock analysts at Jefferies Financial Group lifted their Q3 2022 earnings estimates for TopBuild in a research report issued on Tuesday, February 22nd. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings of $3.76 per share for the quarter, up from their prior estimate of $3.75. Jefferies Financial Group has a “Buy” rating and a $280.00 price target on the stock. Jefferies Financial Group also issued estimates for TopBuild’s FY2023 earnings at $15.14 EPS. TopBuild (NYSE:BLD – Get Rating) last released its quarterly earnings results on Monday, February 21st. The construction company reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.20. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. TopBuild had a net margin of 10.06% and a return on equity of 22.67%. The business’s revenue was up 47.4% on a year-over-year basis. During the same period last year, the business earned $2.15 EPS.
BLD has been the subject of a number of other reports. Stephens raised their price target on shares of TopBuild from $260.00 to $285.00 and gave the company an “equal weight” rating in a report on Thursday, November 4th. Truist Financial raised their price target on shares of TopBuild from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research lowered shares of TopBuild from a “buy” rating to a “neutral” rating in a report on Friday, December 3rd. Zelman & Associates raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Thursday, December 23rd. Finally, KeyCorp raised their price objective on shares of TopBuild from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TopBuild has a consensus rating of “Buy” and an average price target of $275.00.
BLD opened at $195.98 on Thursday. The company has a fifty day simple moving average of $245.00 and a 200 day simple moving average of $240.95. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 20.56 and a beta of 1.57. TopBuild has a twelve month low of $179.50 and a twelve month high of $284.07. The company has a current ratio of 1.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.
In other news, CEO Robert M. Buck sold 2,000 shares of TopBuild stock in a transaction dated Wednesday, December 15th. The shares were sold at an average price of $273.33, for a total value of $546,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in TopBuild by 2.0% in the 4th quarter. BlackRock Inc. now owns 3,174,752 shares of the construction company’s stock valued at $875,946,000 after purchasing an additional 61,751 shares during the last quarter. Findlay Park Partners LLP lifted its position in TopBuild by 26.5% in the 4th quarter. Findlay Park Partners LLP now owns 2,460,089 shares of the construction company’s stock valued at $678,763,000 after purchasing an additional 516,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in TopBuild by 1.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,795,396 shares of the construction company’s stock valued at $495,368,000 after purchasing an additional 31,188 shares during the last quarter. Pictet Asset Management SA lifted its position in TopBuild by 2.9% in the 4th quarter. Pictet Asset Management SA now owns 1,535,898 shares of the construction company’s stock valued at $423,770,000 after purchasing an additional 43,915 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in TopBuild by 6.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,145,882 shares of the construction company’s stock valued at $234,688,000 after purchasing an additional 66,627 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.
TopBuild Company Profile (Get Rating)
TopBuild Corp. is an installer and distributor of insulation products and other building products to the U.S. construction industry. It operates through two segments: Installation and Distribution. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services business branches located in the U.S.
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