TopBuild (NYSE:BLD) Releases Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• TopBuild beat expectations with Q EPS of $3.75 (vs. $3.64 consensus) and revenue of $1.45B (vs. $1.41B), with revenue up 17.2% year‑over‑year though EPS declined from $4.63 a year earlier.
• Shares were little changed, trading up 0.2% to $431.39; the company has a market cap of $12.14B, a P/E of 23.59 and a one‑year trading range of $273.87–$559.47.
• Analyst sentiment is mixed but leans positive—average rating "Moderate Buy" with a $447.21 average price target—and institutional ownership is very high at 95.67% with several large firms recently increasing stakes.

TopBuild (NYSE:BLD - Get Free Report) posted its quarterly earnings data on Tuesday. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11, FiscalAI reports. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.41 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. TopBuild's revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 EPS.

TopBuild Stock Up 0.2%

Shares of BLD stock traded up $0.83 during trading on Tuesday, reaching $431.39. The company's stock had a trading volume of 226,044 shares, compared to its average volume of 494,891. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 5.51 and a beta of 1.85. TopBuild has a one year low of $273.87 and a one year high of $559.47. The business has a fifty day moving average price of $403.41 and a 200-day moving average price of $436.74. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of research reports. Seaport Research Partners restated a "neutral" rating on shares of TopBuild in a research report on Tuesday, April 7th. Zacks Research downgraded shares of TopBuild from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. Weiss Ratings cut shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. DA Davidson reaffirmed a "buy" rating and set a $465.00 target price on shares of TopBuild in a report on Monday, April 20th. Finally, Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $447.21.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company's stock valued at $274,349,000 after purchasing an additional 109,572 shares during the period. Boston Partners boosted its position in TopBuild by 1.0% during the third quarter. Boston Partners now owns 781,561 shares of the construction company's stock worth $305,662,000 after purchasing an additional 7,400 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of TopBuild by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 497,603 shares of the construction company's stock worth $207,615,000 after acquiring an additional 1,548 shares during the period. Morgan Stanley increased its stake in shares of TopBuild by 55.5% during the fourth quarter. Morgan Stanley now owns 462,840 shares of the construction company's stock worth $193,094,000 after purchasing an additional 165,126 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company's stock worth $128,119,000 after buying an additional 390,838 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Company Profile

TopBuild Corp. NYSE: BLD is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild's core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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