TopBuild (NYSE:BLD) Posts Earnings Results, Beats Expectations By $0.11 EPS

TopBuild (NYSE:BLD) announced its quarterly earnings results on Tuesday. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11, FiscalAI reports. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $4.63 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis.

TopBuild Trading Down 1.9%

BLD stock traded down $8.26 during mid-day trading on Thursday, reaching $430.67. 194,087 shares of the stock traded hands, compared to its average volume of 504,453. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.34 and a current ratio of 2.00. TopBuild has a one year low of $273.87 and a one year high of $559.47. The stock has a market capitalization of $12.12 billion, a PE ratio of 24.30, a PEG ratio of 5.39 and a beta of 1.85. The business has a 50-day moving average price of $400.28 and a two-hundred day moving average price of $436.68.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLD. Royal Bank Of Canada boosted their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. UBS Group set a $440.00 price objective on TopBuild in a research note on Wednesday. Wells Fargo & Company reduced their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $456.28.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BLD. Advisory Services Network LLC bought a new position in TopBuild during the 3rd quarter worth about $27,000. Parallel Advisors LLC lifted its position in shares of TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of TopBuild by 138.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of TopBuild by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company’s stock valued at $47,000 after buying an additional 73 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.