TopBuild (NYSE:BLD) Announces Earnings Results

TopBuild (NYSE:BLD) released its earnings results on Tuesday. The construction company reported $5.36 EPS for the quarter, topping the consensus estimate of $5.22 by $0.14, Zacks reports. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild updated its FY 2025 guidance to EPS.

TopBuild Stock Performance

NYSE BLD opened at $422.60 on Tuesday. The business’s 50-day simple moving average is $420.75 and its 200-day simple moving average is $366.65. The firm has a market capitalization of $11.89 billion, a P/E ratio of 20.81, a P/E/G ratio of 4.42 and a beta of 1.64. TopBuild has a 1-year low of $266.26 and a 1-year high of $461.49. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

Insider Buying and Selling at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares of the company’s stock, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the transaction, the chief financial officer owned 14,283 shares in the company, valued at $6,248,384.01. This represents a 8.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,663 shares of company stock worth $5,709,488 over the last three months. 0.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its holdings in TopBuild by 48.2% during the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after purchasing an additional 837 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of TopBuild by 106.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after buying an additional 123 shares during the last quarter. First Trust Advisors LP raised its holdings in TopBuild by 8.1% in the second quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock valued at $21,961,000 after acquiring an additional 5,093 shares in the last quarter. Marshall Wace LLP bought a new position in TopBuild during the 2nd quarter valued at $489,000. Finally, Federated Hermes Inc. grew its stake in TopBuild by 10.7% in the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after purchasing an additional 654 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of analyst reports. Truist Financial lifted their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Evercore ISI increased their target price on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.50.

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.