Equities analysts predict that TopBuild Corp (NYSE:BLD) will report $671.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for TopBuild’s earnings, with estimates ranging from $665.10 million to $680.30 million. TopBuild posted sales of $647.29 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The company is scheduled to announce its next earnings report before the market opens on Thursday, October 31st.
According to Zacks, analysts expect that TopBuild will report full year sales of $2.62 billion for the current year, with estimates ranging from $2.61 billion to $2.63 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.75 billion, with estimates ranging from $2.73 billion to $2.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TopBuild.
TopBuild (NYSE:BLD) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.15. The business had revenue of $660.10 million during the quarter, compared to analyst estimates of $670.66 million. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS.
A number of research firms have commented on BLD. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, SunTrust Banks increased their price objective on shares of TopBuild to $86.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $87.20.
BLD opened at $101.61 on Monday. TopBuild has a twelve month low of $41.27 and a twelve month high of $102.72. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 0.67. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.70 and a beta of 0.81. The company has a fifty day simple moving average of $94.87 and a 200 day simple moving average of $83.85.
In related news, CEO Gerald Volas sold 25,445 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $90.04, for a total value of $2,291,067.80. Following the sale, the chief executive officer now owns 161,698 shares of the company’s stock, valued at approximately $14,559,287.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David Cushen sold 8,254 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $88.47, for a total transaction of $730,231.38. Following the completion of the sale, the vice president now directly owns 11,984 shares in the company, valued at approximately $1,060,224.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,541 shares of company stock worth $3,889,352. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its position in shares of TopBuild by 2.4% during the 1st quarter. Nordea Investment Management AB now owns 86,238 shares of the construction company’s stock worth $5,590,000 after purchasing an additional 2,010 shares during the last quarter. First Trust Advisors LP lifted its position in shares of TopBuild by 19.8% during the 1st quarter. First Trust Advisors LP now owns 45,325 shares of the construction company’s stock worth $2,938,000 after purchasing an additional 7,493 shares during the last quarter. Cortina Asset Management LLC purchased a new stake in shares of TopBuild during the 2nd quarter worth $5,179,000. NEXT Financial Group Inc purchased a new stake in shares of TopBuild during the 2nd quarter worth $226,000. Finally, Renaissance Investment Group LLC lifted its position in shares of TopBuild by 1.8% during the 2nd quarter. Renaissance Investment Group LLC now owns 58,105 shares of the construction company’s stock worth $4,809,000 after purchasing an additional 1,054 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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