TopBuild Corp. Forecasted to Post Q2 2024 Earnings of $5.76 Per Share (NYSE:BLD)

TopBuild Corp. (NYSE:BLD - Free Report) - Investment analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for TopBuild in a research note issued on Thursday, May 9th. DA Davidson analyst K. Yinger anticipates that the construction company will post earnings of $5.76 per share for the quarter. DA Davidson currently has a "Buy" rating and a $470.00 target price on the stock. The consensus estimate for TopBuild's current full-year earnings is $21.02 per share. DA Davidson also issued estimates for TopBuild's FY2024 earnings at $21.90 EPS.

BLD has been the subject of a number of other research reports. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Saturday, April 6th. Evercore ISI upped their target price on TopBuild from $469.00 to $527.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. Stephens restated an "equal weight" rating and issued a $425.00 price target on shares of TopBuild in a research note on Tuesday, April 23rd. Benchmark upped their price objective on TopBuild from $450.00 to $470.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $420.90.

TopBuild Stock Up 1.3 %

Shares of NYSE:BLD traded up $5.45 during mid-day trading on Friday, reaching $414.13. 262,392 shares of the stock were exchanged, compared to its average volume of 271,265. The company has a market cap of $13.18 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.94 and a beta of 1.67. The stock's 50 day simple moving average is $414.30 and its 200-day simple moving average is $364.20. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. TopBuild has a one year low of $199.31 and a one year high of $452.87.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the business earned $4.36 EPS. TopBuild's revenue for the quarter was up 1.1% compared to the same quarter last year.

Institutional Investors Weigh In On TopBuild

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. boosted its position in TopBuild by 2.4% in the fourth quarter. Panagora Asset Management Inc. now owns 1,102 shares of the construction company's stock valued at $412,000 after buying an additional 26 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in TopBuild by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,655 shares of the construction company's stock worth $729,000 after purchasing an additional 27 shares in the last quarter. Harbor Investment Advisory LLC raised its position in TopBuild by 6.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company's stock valued at $171,000 after purchasing an additional 28 shares during the last quarter. TFG Advisers LLC boosted its stake in shares of TopBuild by 1.2% during the first quarter. TFG Advisers LLC now owns 2,830 shares of the construction company's stock valued at $1,247,000 after purchasing an additional 34 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of TopBuild by 37.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company's stock worth $40,000 after purchasing an additional 43 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares of the company's stock, valued at $6,475,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert M. Kuhns sold 540 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the sale, the chief financial officer now directly owns 15,928 shares of the company's stock, valued at approximately $6,475,209.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert M. Buck sold 5,000 shares of the business's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now directly owns 71,968 shares of the company's stock, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

About TopBuild

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, garage doors, fireplaces, roofing materials, closet shelving, and other products.