Q1 2024 EPS Estimates for TopBuild Corp. (NYSE:BLD) Boosted by Zacks Research

TopBuild Corp. (NYSE:BLD) – Zacks Research lifted their Q1 2024 EPS estimates for shares of TopBuild in a research note issued on Thursday, August 31st. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $4.30 per share for the quarter, up from their prior estimate of $4.26. The consensus estimate for TopBuild’s current full-year earnings is $18.16 per share. Zacks Research also issued estimates for TopBuild’s Q2 2024 earnings at $4.81 EPS and Q3 2024 earnings at $4.58 EPS.

Other equities research analysts have also issued reports about the company. Seaport Res Ptn restated a “buy” rating on shares of TopBuild in a research note on Tuesday, August 1st. Stephens increased their price target on TopBuild from $230.00 to $250.00 in a research note on Monday, May 8th. JPMorgan Chase & Co. increased their price target on TopBuild from $224.00 to $314.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Jefferies Financial Group increased their price target on TopBuild from $262.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Finally, StockNews.com assumed coverage on TopBuild in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $281.00.

TopBuild Trading Up 2.2 %

NYSE:BLD opened at $296.56 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.37 and a quick ratio of 1.86. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60. TopBuild has a one year low of $140.66 and a one year high of $307.54. The business has a fifty day moving average price of $277.95 and a 200-day moving average price of $233.77.

TopBuild (NYSE:BLD) last announced its earnings results on Thursday, August 3rd. The construction company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $0.95. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.26 billion. TopBuild had a net margin of 11.61% and a return on equity of 29.75%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 EPS.

Insider Activity

In related news, insider Steven P. Raia sold 1,300 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $299.34, for a total value of $389,142.00. Following the completion of the transaction, the insider now owns 10,670 shares of the company’s stock, valued at $3,193,957.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Robert Jeffrey Franklin sold 776 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $296.88, for a total transaction of $230,378.88. Following the sale, the insider now directly owns 15,065 shares of the company’s stock, valued at $4,472,497.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven P. Raia sold 1,300 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $299.34, for a total transaction of $389,142.00. Following the sale, the insider now directly owns 10,670 shares in the company, valued at $3,193,957.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,049 shares of company stock valued at $3,337,580. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently added to or reduced their stakes in BLD. JPMorgan Chase & Co. raised its position in shares of TopBuild by 2.6% in the first quarter. JPMorgan Chase & Co. now owns 75,512 shares of the construction company’s stock worth $13,697,000 after acquiring an additional 1,891 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in TopBuild by 26.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,598 shares of the construction company’s stock valued at $290,000 after acquiring an additional 331 shares during the last quarter. Bank of Montreal Can raised its holdings in TopBuild by 3.8% in the 1st quarter. Bank of Montreal Can now owns 4,993 shares of the construction company’s stock valued at $998,000 after acquiring an additional 184 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in TopBuild by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,067 shares of the construction company’s stock valued at $2,189,000 after acquiring an additional 1,151 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in TopBuild by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 18,097 shares of the construction company’s stock valued at $3,375,000 after acquiring an additional 1,503 shares during the last quarter. 95.58% of the stock is owned by hedge funds and other institutional investors.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.