TopBuild (NYSE:BLD) Posts Earnings Results

Key Points

• TopBuild reported a quarterly earnings per share (EPS) of $5.31, surpassing analysts' expectations of $5.10 by $0.21, despite a 5% decline in revenue year-over-year.
• The company's stock price rose by 3.6% to $401.15 following the earnings announcement, with a current market cap of $11.47 billion.
• Analysts have given TopBuild a consensus rating of "Moderate Buy" with a price target of approximately $387.27, as several institutions have recently adjusted their target prices upward.

TopBuild (NYSE:BLD - Get Free Report) announced its earnings results on Tuesday. The construction company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.24, Zacks reports. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.42 earnings per share. TopBuild updated its FY 2025 guidance to EPS.

TopBuild Price Performance

Shares of BLD stock traded up $19.12 during midday trading on Tuesday, reaching $406.31. 163,095 shares of the company traded hands, compared to its average volume of 364,246. The firm's 50 day simple moving average is $335.06 and its two-hundred day simple moving average is $316.92. The firm has a market cap of $11.62 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 4.84 and a beta of 1.63. TopBuild has a 1-year low of $266.26 and a 1-year high of $419.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLD. JPMorgan Chase & Co. upped their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Bank of America upped their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Loop Capital upped their price target on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, DA Davidson lowered their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $387.27.

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TopBuild

An institutional investor recently raised its position in TopBuild stock. AQR Capital Management LLC raised its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 48.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,573 shares of the construction company's stock after purchasing an additional 837 shares during the quarter. AQR Capital Management LLC's holdings in TopBuild were worth $774,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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