DA Davidson Comments on TopBuild's Q4 Earnings (NYSE:BLD)

TopBuild Corp. (NYSE:BLD - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 earnings per share 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 post earnings per share of $5.14 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The company's revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $5.43 earnings per share.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group cut their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Evercore ISI lowered their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Stephens lowered their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial reduced their price target on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Trading Down 1.1 %

NYSE BLD traded down $3.96 during trading hours on Friday, hitting $368.59. The company's stock had a trading volume of 191,554 shares, compared to its average volume of 288,180. TopBuild has a twelve month low of $262.64 and a twelve month high of $495.68. The firm has a market capitalization of $11.12 billion, a P/E ratio of 18.90, a PEG ratio of 2.27 and a beta of 1.79. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $385.15 and a 200 day moving average of $399.31.

Institutional Trading of TopBuild

Institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC grew its stake in TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock valued at $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. bought a new position in shares of TopBuild in the first quarter valued at $16,158,000. Russell Investments Group Ltd. increased its holdings in TopBuild by 12.1% during the first quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company's stock worth $15,928,000 after buying an additional 3,899 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in TopBuild by 4.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company's stock worth $35,935,000 after acquiring an additional 3,231 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock worth $5,493,000 after acquiring an additional 820 shares in the last quarter. 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.