TopBuild Corp. (BLD) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

TopBuild Corp. (NYSE:BLD) announced its earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09, Bloomberg Earnings reports. The business had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS.

TopBuild Corp. (BLD) opened at 56.59 on Friday. The firm’s 50-day moving average price is $54.37 and its 200-day moving average price is $49.20. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $59.34. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 31.37 and a beta of 0.63.

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Several brokerages recently commented on BLD. KeyCorp reiterated an “overweight” rating and set a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a report on Thursday, August 10th. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Finally, Instinet lifted their price objective on TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. TopBuild Corp. has a consensus rating of “Buy” and a consensus target price of $54.60.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of TopBuild Corp. by 35,157.0% in the first quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock valued at $259,449,000 after buying an additional 5,504,531 shares in the last quarter. Vanguard Group Inc. increased its position in shares of TopBuild Corp. by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after buying an additional 139,066 shares in the last quarter. FMR LLC increased its position in shares of TopBuild Corp. by 7.2% in the second quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after buying an additional 193,582 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of TopBuild Corp. by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock valued at $125,278,000 after buying an additional 164,591 shares in the last quarter. Finally, State Street Corp increased its position in shares of TopBuild Corp. by 10.2% in the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after buying an additional 104,562 shares in the last quarter. Institutional investors own 93.73% of the company’s stock.

About TopBuild Corp.

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Earnings History for TopBuild Corp. (NYSE:BLD)

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