TopBuild (NYSE:BLD) released its quarterly earnings results on Tuesday. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.25, MarketWatch Earnings reports. TopBuild had a net margin of 8.36% and a return on equity of 18.32%. The firm had revenue of $721.49 million during the quarter, compared to the consensus estimate of $714.26 million. During the same quarter last year, the firm earned $1.48 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. TopBuild updated its FY 2021
Pre-Market guidance to EPS.
NYSE BLD opened at $201.31 on Wednesday. The company has a market capitalization of $6.65 billion, a PE ratio of 30.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.62 and a current ratio of 1.91. TopBuild has a 52-week low of $54.83 and a 52-week high of $224.89. The company has a 50-day simple moving average of $206.68 and a 200 day simple moving average of $178.70.
BLD has been the subject of several analyst reports. JPMorgan Chase & Co. assumed coverage on TopBuild in a research report on Wednesday, February 10th. They set an “underweight” rating and a $210.00 target price for the company. KeyCorp lifted their price objective on TopBuild from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial increased their price objective on shares of TopBuild from $160.00 to $184.00 in a research report on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of TopBuild from $183.00 to $206.00 and gave the stock a “buy” rating in a report on Tuesday, December 15th. Finally, Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a research note on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. TopBuild has an average rating of “Hold” and an average price target of $164.00.
TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, shower enclosures, closet shelving, accessories, and other products; and insulation installation services.
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