Zacks: Analysts Anticipate TopBuild Corp. (NYSE:BLD) Will Announce Quarterly Sales of $1.08 Billion

Equities research analysts predict that TopBuild Corp. (NYSE:BLD – Get Rating) will announce $1.08 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TopBuild’s earnings, with estimates ranging from $1.06 billion to $1.11 billion. TopBuild posted sales of $742.80 million during the same quarter last year, which suggests a positive year over year growth rate of 45.4%. The company is scheduled to announce its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that TopBuild will report full-year sales of $4.59 billion for the current fiscal year, with estimates ranging from $4.53 billion to $4.70 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.88 billion, with estimates ranging from $4.80 billion to $5.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow TopBuild.

TopBuild (NYSE:BLD – Get Rating) last posted its earnings results on Tuesday, February 22nd. The construction company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.13. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. TopBuild had a net margin of 9.29% and a return on equity of 23.71%. The business’s quarterly revenue was up 47.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 EPS.

A number of equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of TopBuild from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Benchmark lowered their target price on shares of TopBuild from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Credit Suisse Group assumed coverage on shares of TopBuild in a research note on Tuesday, April 5th. They set an “outperform” rating and a $235.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of TopBuild from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Finally, StockNews.com assumed coverage on shares of TopBuild in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $265.10.

TopBuild stock traded down $2.32 during trading on Tuesday, reaching $170.85. The company had a trading volume of 216,294 shares, compared to its average volume of 322,482. The firm’s 50-day simple moving average is $205.61 and its 200 day simple moving average is $235.10. TopBuild has a 1-year low of $165.01 and a 1-year high of $284.07. The firm has a market capitalization of $5.64 billion, a PE ratio of 17.49 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.62.

Several institutional investors have recently made changes to their positions in the company. Ziegler Capital Management LLC boosted its holdings in TopBuild by 144.2% in the third quarter. Ziegler Capital Management LLC now owns 60,341 shares of the construction company’s stock valued at $12,359,000 after purchasing an additional 35,633 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in TopBuild by 76.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 173,181 shares of the construction company’s stock valued at $35,469,000 after purchasing an additional 74,805 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in TopBuild in the fourth quarter valued at approximately $210,000. Oppenheimer Asset Management Inc. boosted its holdings in TopBuild by 12.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 2,978 shares of the construction company’s stock valued at $822,000 after purchasing an additional 338 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of TopBuild by 1,683.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 10,701 shares of the construction company’s stock valued at $2,962,000 after acquiring an additional 10,101 shares during the period. 95.52% of the stock is owned by institutional investors and hedge funds.

TopBuild Company Profile (Get Rating)

TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.

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