Brokerages Anticipate TopBuild Corp (BLD) Will Post Quarterly Sales of $594.43 Million

Equities analysts predict that TopBuild Corp (NYSE:BLD) will announce sales of $594.43 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TopBuild’s earnings, with estimates ranging from $586.20 million to $606.60 million. TopBuild posted sales of $474.46 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.3%. The company is expected to issue its next earnings report on Tuesday, August 14th.

On average, analysts expect that TopBuild will report full-year sales of $2.37 billion for the current financial year, with estimates ranging from $2.37 billion to $2.39 billion. For the next financial year, analysts expect that the business will report sales of $2.68 billion per share, with estimates ranging from $2.67 billion to $2.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for TopBuild.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.07. TopBuild had a net margin of 9.52% and a return on equity of 11.49%. The firm had revenue of $491.00 million during the quarter, compared to analyst estimates of $486.34 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year.

BLD has been the subject of several research reports. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Jefferies Group reaffirmed a “buy” rating and set a $91.00 price target on shares of TopBuild in a research report on Monday, April 23rd. SunTrust Banks upped their price target on shares of TopBuild to $82.00 and gave the company a “reduce” rating in a research report on Wednesday, February 28th. Finally, Nomura set a $100.00 target price on shares of TopBuild and gave the stock a “buy” rating in a report on Tuesday, March 13th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $86.20.

In related news, CFO John S. Peterson sold 6,932 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $75.36, for a total value of $522,395.52. Following the completion of the sale, the chief financial officer now directly owns 34,943 shares of the company’s stock, valued at approximately $2,633,304.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the completion of the sale, the insider now directly owns 73,917 shares of the company’s stock, valued at $5,478,728.04. The disclosure for this sale can be found here. Insiders sold a total of 32,271 shares of company stock valued at $2,405,043 over the last three months. 1.40% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Delpha Capital Management LLC bought a new position in TopBuild in the 4th quarter worth approximately $144,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TopBuild by 53.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after purchasing an additional 719 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in TopBuild by 148.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,261 shares during the period. Meeder Asset Management Inc. boosted its stake in TopBuild by 99.6% in the 4th quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after purchasing an additional 1,152 shares during the period. Finally, Royal Bank of Canada boosted its stake in TopBuild by 44.4% in the 1st quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock worth $199,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Shares of TopBuild traded up $0.60, hitting $82.99, during midday trading on Wednesday, according to MarketBeat.com. 224,500 shares of the company’s stock traded hands, compared to its average volume of 292,930. TopBuild has a 1 year low of $51.16 and a 1 year high of $84.03. The firm has a market capitalization of $2.94 billion, a P/E ratio of 29.85 and a beta of 0.57. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 0.23.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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