TopBuild (NYSE:BLD) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

TopBuild (NYSE:BLD) released its quarterly earnings data on Tuesday. The construction company reported $5.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14, Zacks reports. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $5.68 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. TopBuild updated its FY 2025 guidance to EPS.

TopBuild Price Performance

Shares of BLD stock traded down $6.33 during trading hours on Thursday, reaching $399.31. 80,534 shares of the company were exchanged, compared to its average volume of 362,046. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $461.49. The stock’s fifty day moving average is $420.21 and its two-hundred day moving average is $367.85. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 4.38 and a beta of 1.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.29.

Insiders Place Their Bets

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares of the company’s stock, valued at approximately $6,504,891.30. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC grew its stake in shares of TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares during the period. Bank of America Corp DE boosted its holdings in TopBuild by 14.8% during the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after buying an additional 109,572 shares during the last quarter. Sei Investments Co. grew its position in shares of TopBuild by 93.1% during the 2nd quarter. Sei Investments Co. now owns 67,551 shares of the construction company’s stock worth $21,869,000 after buying an additional 32,568 shares during the period. AQR Capital Management LLC increased its stake in shares of TopBuild by 898.8% in the 2nd quarter. AQR Capital Management LLC now owns 25,700 shares of the construction company’s stock valued at $8,320,000 after acquiring an additional 23,127 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of TopBuild by 58.3% in the 2nd quarter. Quantinno Capital Management LP now owns 50,604 shares of the construction company’s stock valued at $16,383,000 after acquiring an additional 18,644 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Benchmark boosted their price target on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI reduced their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Loop Capital boosted their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Finally, DA Davidson boosted their price target on shares of TopBuild from $465.00 to $485.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $425.83.

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.