Seaport Res Ptn Research Analysts Lower Earnings Estimates for TopBuild Corp. (NYSE:BLD)

TopBuild Corp. (NYSE:BLD) – Seaport Res Ptn reduced their Q3 2024 earnings estimates for shares of TopBuild in a research report issued to clients and investors on Wednesday, August 7th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will earn $5.91 per share for the quarter, down from their prior estimate of $6.02. The consensus estimate for TopBuild’s current full-year earnings is $21.63 per share. Seaport Res Ptn also issued estimates for TopBuild’s Q4 2024 earnings at $5.07 EPS and FY2024 earnings at $21.18 EPS.

BLD has been the subject of several other research reports. Evercore ISI reduced their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday. DA Davidson cut their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday. Jefferies Financial Group increased their target price on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Stephens cut their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $449.00.

TopBuild Stock Performance

Shares of BLD stock opened at $372.72 on Friday. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.76. TopBuild has a 52 week low of $217.08 and a 52 week high of $495.68. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $413.48 and a 200-day moving average of $408.14.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $5.25 EPS.

Institutional Investors Weigh In On TopBuild

Several large investors have recently added to or reduced their stakes in BLD. Raymond James Financial Services Advisors Inc. grew its holdings in TopBuild by 83.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,005 shares of the construction company’s stock valued at $750,000 after buying an additional 912 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of TopBuild by 8,850.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock worth $1,541,000 after purchasing an additional 4,071 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of TopBuild by 2.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,710 shares of the construction company’s stock worth $7,002,000 after purchasing an additional 368 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of TopBuild during the fourth quarter worth about $277,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of TopBuild by 6.5% during the fourth quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company’s stock worth $171,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the transaction, the chief executive officer now directly 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 through this hyperlink. In related news, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the sale, the chief executive officer now owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nancy M. Taylor sold 300 shares of TopBuild 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 of the company’s stock, valued at approximately $2,461,595.20. The disclosure for this sale can be found here. Company insiders own 0.46% 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.