TopBuild (NYSE:BLD) Announces Earnings Results

TopBuild (NYSE:BLD) announced its quarterly earnings data on Tuesday. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25, Briefing.com reports. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.36 earnings per share.

TopBuild Stock Performance

Shares of NYSE BLD traded down $0.10 during mid-day trading on Friday, reaching $408.58. 20,357 shares of the company’s stock were exchanged, compared to its average volume of 268,529. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67. TopBuild has a 52 week low of $199.31 and a 52 week high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm has a 50-day moving average price of $414.30 and a two-hundred day moving average price of $364.20.

Analysts Set New Price Targets

Several research firms have issued reports on BLD. Evercore ISI raised their price target on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. DA Davidson assumed coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective for the company. Bank of America raised their price objective on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, The Goldman Sachs Group lifted their price target on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.90.

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.