Zacks Research Brokers Cut Earnings Estimates for TopBuild

TopBuild Corp. (NYSE:BLD) – Investment analysts at Zacks Research reduced their FY2024 earnings estimates for shares of TopBuild in a note issued to investors on Tuesday, November 19th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will earn $20.98 per share for the year, down from their prior forecast of $21.10. The consensus estimate for TopBuild’s current full-year earnings is $21.00 per share. Zacks Research also issued estimates for TopBuild’s Q1 2025 earnings at $4.86 EPS, Q2 2025 earnings at $5.60 EPS, Q3 2025 earnings at $6.02 EPS, Q4 2025 earnings at $5.69 EPS, FY2025 earnings at $22.18 EPS, Q1 2026 earnings at $5.42 EPS, Q2 2026 earnings at $5.97 EPS, Q3 2026 earnings at $6.31 EPS and FY2026 earnings at $23.71 EPS.

BLD has been the subject of several other research reports. Stephens decreased their price objective 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. Jefferies Financial Group decreased their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Up 2.9 %

NYSE:BLD opened at $361.14 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.79. TopBuild has a 52 week low of $291.98 and a 52 week high of $495.68. The firm has a 50-day moving average price of $382.61 and a two-hundred day moving average price of $396.37.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $5.43 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC bought a new position in TopBuild in the 1st quarter worth approximately $31,000. Kennebec Savings Bank bought a new position in TopBuild in the 3rd quarter worth approximately $45,000. Quantbot Technologies LP bought a new position in TopBuild in the 3rd quarter worth approximately $45,000. Finally, UMB Bank n.a. boosted its holdings in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares during the period. 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.