What is DA Davidson’s Estimate for TopBuild Q4 Earnings?

TopBuild Corp. (NYSE:BLD) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of TopBuild in a research report issued to clients and investors on Thursday, November 7th. DA Davidson analyst K. Yinger anticipates that the construction company will earn $5.14 per share for the quarter. DA Davidson currently has a “Buy” rating and a $450.00 target price on the stock. The consensus estimate for TopBuild’s current full-year earnings is $21.03 per share.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.43 earnings per share.

A number of other research firms have also recently commented on BLD. Evercore ISI cut their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Stephens decreased their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Price Performance

TopBuild stock opened at $372.54 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The company’s fifty day moving average price is $385.15 and its 200 day moving average price is $399.31. The stock has a market capitalization of $11.24 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.27 and a beta of 1.79. TopBuild has a 1 year low of $262.64 and a 1 year high of $495.68.

Institutional Investors Weigh In On TopBuild

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in TopBuild by 19,538.1% in the third quarter. Meeder Asset Management Inc. now owns 4,124 shares of the construction company’s stock worth $1,678,000 after acquiring an additional 4,103 shares during the period. Pathstone Holdings LLC lifted its stake in shares of TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock valued at $1,712,000 after purchasing an additional 41 shares during the last quarter. Atlanta Consulting Group Advisors LLC grew its holdings in shares of TopBuild by 1.5% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 39 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TopBuild during the 3rd quarter worth about $114,220,000. Finally, Natixis Advisors LLC purchased a new stake in TopBuild in the 3rd quarter valued at about $41,981,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.