Equities research analysts expect that TopBuild Corp (NYSE:BLD) will post $673.25 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for TopBuild’s earnings, with the highest sales estimate coming in at $676.90 million and the lowest estimate coming in at $666.90 million. TopBuild posted sales of $639.55 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The company is expected to announce its next earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that TopBuild will report full year sales of $2.64 billion for the current financial year, with estimates ranging from $2.64 billion to $2.65 billion. For the next year, analysts expect that the business will report sales of $2.80 billion, with estimates ranging from $2.77 billion to $2.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for TopBuild.
TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. TopBuild had a net margin of 7.06% and a return on equity of 16.15%. The company had revenue of $682.30 million during the quarter, compared to the consensus estimate of $673.76 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. TopBuild’s revenue for the quarter was up 5.4% on a year-over-year basis.
BLD has been the subject of several research analyst reports. SunTrust Banks upped their price objective on shares of TopBuild from $86.00 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. BTIG Research initiated coverage on shares of TopBuild in a research note on Thursday, December 12th. They issued a “neutral” rating for the company. Buckingham Research upped their price objective on shares of TopBuild from $101.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, November 5th. Finally, Zelman & Associates downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. TopBuild currently has an average rating of “Hold” and an average target price of $111.80.
In other news, CFO John S. Peterson sold 568 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $109.74, for a total transaction of $62,332.32. Following the completion of the sale, the chief financial officer now owns 8,050 shares in the company, valued at $883,407. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert M. Buck sold 3,401 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $109.29, for a total transaction of $371,695.29. Following the sale, the chief operating officer now owns 31,080 shares of the company’s stock, valued at approximately $3,396,733.20. The disclosure for this sale can be found here. Insiders have sold 29,212 shares of company stock valued at $3,158,146 in the last quarter. Insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Premier Asset Management LLC acquired a new stake in shares of TopBuild during the fourth quarter worth about $242,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of TopBuild by 275.5% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 7,807 shares of the construction company’s stock worth $805,000 after buying an additional 5,728 shares during the period. Renaissance Investment Group LLC boosted its stake in shares of TopBuild by 2.8% during the fourth quarter. Renaissance Investment Group LLC now owns 59,489 shares of the construction company’s stock worth $6,133,000 after buying an additional 1,594 shares during the period. Bowling Portfolio Management LLC acquired a new stake in shares of TopBuild during the fourth quarter worth about $456,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of TopBuild by 39.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 31,396 shares of the construction company’s stock worth $3,236,000 after buying an additional 8,812 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.
NYSE BLD traded down $3.77 during trading hours on Monday, hitting $113.70. The company had a trading volume of 300,972 shares, compared to its average volume of 246,355. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.33 and a current ratio of 1.64. TopBuild has a 1-year low of $47.70 and a 1-year high of $119.99. The company has a market cap of $3.99 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 0.67 and a beta of 0.79. The business has a 50 day moving average of $106.18 and a 200-day moving average of $98.13.
TopBuild Company Profile
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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