TopBuild Corp. (BLD) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
TopBuild Corp. (NYSE:BLD) announced its quarterly earnings results on Wednesday. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. TopBuild Corp. had a return on equity of 7.67% and a net margin of 6.44%. The company had revenue of $453 million for the quarter, compared to the consensus estimate of $22.38 million. During the same quarter in the previous year, the business earned $0.50 EPS. TopBuild Corp.’s revenue was up 5.9% compared to the same quarter last year.
TopBuild Corp. (NYSE:BLD) opened at 34.19 on Friday. TopBuild Corp. has a one year low of $23.02 and a one year high of $38.94. The stock has a market cap of $1.31 billion, a P/E ratio of 12.63 and a beta of 0.29. The company’s 50-day moving average price is $32.00 and its 200-day moving average price is $34.30.
Separately, Zacks Investment Research downgraded TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 19th.
A number of hedge funds have recently bought and sold shares of BLD. Bank of Montreal Can bought a new position in shares of TopBuild Corp. during the second quarter worth approximately $107,000. Advisor Group Inc. bought a new position in shares of TopBuild Corp. during the second quarter worth approximately $118,000. Independent Portfolio Consultants Inc. bought a new position in shares of TopBuild Corp. during the second quarter worth approximately $145,000. KBC Group NV bought a new position in shares of TopBuild Corp. during the second quarter worth approximately $153,000. Finally, Bollard Group LLC raised its position in shares of TopBuild Corp. by 5.1% in the third quarter. Bollard Group LLC now owns 4,570 shares of the company’s stock worth $152,000 after buying an additional 220 shares during the period. 93.47% of the stock is currently owned by institutional investors.
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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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