Brokerages expect TopBuild (NYSE:BLD) to announce $490.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for TopBuild’s earnings. The lowest sales estimate is $488.10 million and the highest is $493.10 million. TopBuild reported sales of $441.36 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The firm is scheduled to announce its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that TopBuild will report full-year sales of $2.11 billion for the current financial year, with estimates ranging from $2.09 billion to $2.12 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.27 billion per share, with estimates ranging from $2.23 billion to $2.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TopBuild.
TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The business had revenue of $501.40 million for the quarter, compared to analysts’ expectations of $491.80 million. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS.
In other news, VP Paul Joachimczyk sold 2,227 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total transaction of $169,586.05. Following the completion of the transaction, the vice president now owns 7,699 shares of the company’s stock, valued at $586,278.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total value of $1,713,061.44. Following the transaction, the insider now directly owns 73,917 shares of the company’s stock, valued at approximately $5,478,728.04. The disclosure for this sale can be found here. Insiders have sold a total of 32,271 shares of company stock valued at $2,405,043 in the last ninety days. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Delpha Capital Management LLC purchased a new position in shares of TopBuild during the fourth quarter worth about $144,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TopBuild by 53.9% during the fourth 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of TopBuild by 148.0% during the fourth 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 in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of TopBuild by 99.6% during the fourth 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 in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of TopBuild during the fourth quarter worth about $205,000. 94.65% of the stock is owned by institutional investors.
BLD stock traded up $1.78 during mid-day trading on Wednesday, reaching $76.79. 126,924 shares of the company traded hands, compared to its average volume of 276,557. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2,665.88, a PE ratio of 27.62 and a beta of 0.57. TopBuild has a 52-week low of $46.10 and a 52-week high of $82.26.
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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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