TopBuild (NYSE:BLD) Issues Earnings Results, Misses Expectations By $0.26 EPS

TopBuild (NYSE:BLD) announced its quarterly earnings results on Tuesday. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26), Briefing.com reports. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.25 EPS. TopBuild updated its FY 2024 guidance to EPS.

TopBuild Trading Up 0.3 %

Shares of BLD stock traded up $1.25 during trading hours on Friday, hitting $374.90. 31,608 shares of the company were exchanged, compared to its average volume of 290,134. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The company has a 50 day simple moving average of $414.38 and a two-hundred day simple moving average of $407.94. The firm has a market cap of $11.93 billion, a P/E ratio of 18.84, a P/E/G ratio of 2.10 and a beta of 1.76.

Insider Buying and Selling

In other news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $2,461,595.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the sale, the chief executive officer now owns 69,468 shares in the company, valued at approximately $29,041,097.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $2,461,595.20. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research reports. Truist Financial decreased their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday. Stephens cut their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday. Benchmark boosted their price target on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Evercore ISI dropped their price objective on TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $450.11.

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.