TopBuild (NYSE:BLD) Issues Quarterly Earnings Results

TopBuild (NYSE:BLD - Get Free Report) issued its quarterly earnings data on Tuesday. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $0.25, Briefing.com reports. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted $4.36 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year.

TopBuild Trading Down 0.0 %

Shares of NYSE:BLD traded down $0.05 on Wednesday, reaching $396.55. 399,889 shares of the company traded hands, compared to its average volume of 271,389. TopBuild has a 52 week low of $199.31 and a 52 week high of $452.87. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The business's 50-day simple moving average is $414.16 and its 200 day simple moving average is $363.89. The stock has a market capitalization of $12.62 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67.

Analysts Set New Price Targets

Several analysts have weighed in on BLD shares. DA Davidson assumed coverage on TopBuild in a report on Tuesday, March 5th. They issued a "buy" rating and a $470.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of TopBuild from $419.00 to $429.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Evercore ISI increased their price target on shares of TopBuild from $469.00 to $527.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. Stephens reaffirmed an "equal weight" rating and set a $425.00 price objective on shares of TopBuild in a report on Tuesday, April 23rd. Finally, Bank of America increased their target price on TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $420.90.

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.