DA Davidson Weighs in on TopBuild’s Q4 Earnings (NYSE:BLD)

TopBuild Corp. (NYSE:BLD) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for TopBuild in a report released on Thursday, November 7th. DA Davidson analyst K. Yinger forecasts that the construction company will earn $5.14 per share 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 $21.02 per share.

TopBuild (NYSE:BLD) last issued 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $5.43 EPS. The firm’s revenue was up 3.6% on a year-over-year basis.

BLD has been the subject of a number of other reports. Truist Financial reduced their target price 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. Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI cut their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Stephens cut their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Stock Performance

Shares of BLD opened at $368.89 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.82 and a current ratio of 2.01. TopBuild has a 1 year low of $262.64 and a 1 year high of $495.68. The firm has a fifty day moving average of $384.66 and a 200-day moving average of $399.22. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.79.

Hedge Funds Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in BLD. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild in the 1st quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild in the 2nd quarter worth about $30,000. Kennebec Savings Bank acquired a new stake in TopBuild during the 3rd quarter worth about $45,000. Headlands Technologies LLC acquired a new stake in TopBuild during the 1st quarter worth about $56,000. Finally, UMB Bank n.a. lifted its stake in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds 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.