TopBuild Corp (BLD) Expected to Announce Quarterly Sales of $639.08 Million

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Equities research analysts forecast that TopBuild Corp (NYSE:BLD) will announce $639.08 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TopBuild’s earnings, with the lowest sales estimate coming in at $625.90 million and the highest estimate coming in at $644.90 million. TopBuild posted sales of $489.04 million during the same quarter last year, which indicates a positive year over year growth rate of 30.7%. The firm is expected to issue its next earnings results before the market opens on Tuesday, November 6th.

On average, analysts expect that TopBuild will report full year sales of $2.38 billion for the current fiscal year, with estimates ranging from $2.36 billion to $2.39 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.69 billion, with estimates ranging from $2.64 billion to $2.78 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow TopBuild.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.08. The company had revenue of $605.97 million during the quarter, compared to analysts’ expectations of $594.43 million. TopBuild had a net margin of 9.10% and a return on equity of 12.42%.

Several research analysts recently commented on BLD shares. MKM Partners started coverage on shares of TopBuild in a report on Wednesday, June 27th. They set a “buy” rating and a $99.00 target price for the company. Evercore ISI started coverage on shares of TopBuild in a report on Thursday, June 28th. They set an “outperform” rating and a $95.00 target price for the company. Jefferies Financial Group restated a “buy” rating and set a $98.00 target price on shares of TopBuild in a report on Friday, July 20th. ValuEngine cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Seaport Global Securities restated a “buy” rating and set a $94.00 target price on shares of TopBuild in a report on Sunday, August 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $86.70.

In other news, VP John S. Peterson sold 1,887 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $77.28, for a total value of $145,827.36. Following the transaction, the vice president now directly owns 33,927 shares of the company’s stock, valued at $2,621,878.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Buck sold 17,766 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the completion of the transaction, the insider now directly owns 62,696 shares in the company, valued at $4,852,670.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Investec Asset Management LTD acquired a new stake in TopBuild during the second quarter worth about $68,649,000. Victory Capital Management Inc. acquired a new stake in TopBuild during the second quarter worth about $67,350,000. KAMES CAPITAL plc acquired a new stake in shares of TopBuild in the 2nd quarter valued at approximately $27,750,000. Brown Advisory Inc. acquired a new stake in shares of TopBuild in the 1st quarter valued at approximately $23,733,000. Finally, BlackRock Inc. boosted its stake in shares of TopBuild by 4.8% in the 2nd quarter. BlackRock Inc. now owns 5,314,739 shares of the construction company’s stock valued at $416,356,000 after purchasing an additional 244,583 shares in the last quarter. 95.26% of the stock is currently owned by institutional investors.

Shares of TopBuild stock traded down $1.08 on Thursday, hitting $44.00. The company had a trading volume of 480,731 shares, compared to its average volume of 382,908. The stock has a market capitalization of $1.57 billion, a PE ratio of 12.83 and a beta of 0.38. TopBuild has a twelve month low of $43.94 and a twelve month high of $87.21. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.69.

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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