TopBuild Corp (BLD) Forecasted to Post Q3 2019 Earnings of $1.41 Per Share

TopBuild Corp (NYSE:BLD) – Jefferies Financial Group lifted their Q3 2019 earnings per share (EPS) estimates for shares of TopBuild in a research note issued to investors on Wednesday, February 27th. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings per share of $1.41 for the quarter, up from their previous forecast of $1.36. Jefferies Financial Group also issued estimates for TopBuild’s Q4 2019 earnings at $1.40 EPS, FY2019 earnings at $4.79 EPS and FY2020 earnings at $5.41 EPS.

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Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded TopBuild from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. SunTrust Banks decreased their target price on TopBuild to $70.00 and set a “buy” rating for the company in a research report on Wednesday, November 7th. KeyCorp set a $67.00 target price on TopBuild and gave the stock a “buy” rating in a research report on Monday, November 12th. Nomura set a $66.00 target price on TopBuild and gave the stock a “buy” rating in a research report on Monday, December 17th. Finally, ValuEngine raised TopBuild from a “strong sell” rating to a “sell” rating in a research report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. TopBuild currently has a consensus rating of “Buy” and a consensus target price of $78.91.

Shares of NYSE:BLD opened at $61.67 on Monday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.53 and a beta of 1.04. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. TopBuild has a 12 month low of $41.27 and a 12 month high of $87.21.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 26th. The construction company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.01. The company had revenue of $639.55 million during the quarter, compared to analyst estimates of $647.95 million. TopBuild had a return on equity of 13.22% and a net margin of 8.96%. The firm’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in TopBuild in the fourth quarter valued at about $20,513,000. Aurora Investment Counsel boosted its holdings in TopBuild by 14.3% in the fourth quarter. Aurora Investment Counsel now owns 22,580 shares of the construction company’s stock valued at $1,016,000 after purchasing an additional 2,830 shares during the last quarter. Nordea Investment Management AB boosted its holdings in TopBuild by 15.1% in the fourth quarter. Nordea Investment Management AB now owns 84,228 shares of the construction company’s stock valued at $3,791,000 after purchasing an additional 11,054 shares during the last quarter. Amalgamated Bank purchased a new position in TopBuild in the fourth quarter valued at about $249,000. Finally, Millennium Management LLC purchased a new position in TopBuild in the fourth quarter valued at about $1,119,000. 92.35% of the stock is owned by institutional investors.

In other news, VP John S. Peterson sold 10,930 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $60.36, for a total value of $659,734.80. Following the completion of the sale, the vice president now owns 45,126 shares of the company’s stock, valued at $2,723,805.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Robert M. Buck sold 14,677 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $58.66, for a total value of $860,952.82. Following the completion of the sale, the chief operating officer now directly owns 60,142 shares of the company’s stock, valued at approximately $3,527,929.72. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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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