Brokerages Expect TopBuild Corp (BLD) Will Post Quarterly Sales of $493.53 Million

Equities analysts expect TopBuild Corp (NYSE:BLD) to report $493.53 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for TopBuild’s earnings. The lowest sales estimate is $486.20 million and the highest is $505.00 million. TopBuild reported sales of $444.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The company is expected to report its next earnings report before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that TopBuild will report full-year sales of $493.53 million for the current year, with estimates ranging from $1.89 billion to $1.91 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.09 billion per share, with estimates ranging from $2.06 billion to $2.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TopBuild.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Nomura raised TopBuild from a “neutral” rating to a “buy” rating and raised their price objective for the company from $69.00 to $78.00 in a research report on Monday, December 18th. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group assumed coverage on TopBuild in a research report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. TopBuild currently has a consensus rating of “Buy” and a consensus target price of $68.43.

Shares of TopBuild (BLD) traded down $0.02 during midday trading on Monday, reaching $72.48. The company had a trading volume of 121,582 shares, compared to its average volume of 234,752. TopBuild has a 1 year low of $37.89 and a 1 year high of $78.64. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2,552.11, a PE ratio of 35.63 and a beta of 0.51.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Delpha Capital Management LLC bought a new position in shares of TopBuild during the fourth quarter worth approximately $144,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TopBuild by 53.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after purchasing an additional 719 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of TopBuild by 148.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,261 shares during the period. Meeder Asset Management Inc. increased its stake in shares of TopBuild by 99.6% during the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after purchasing an additional 1,152 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of TopBuild during the fourth quarter worth approximately $205,000. 92.42% of the stock is owned by institutional investors.

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About TopBuild

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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