SunTrust Banks Weighs in on TopBuild Corp’s Q3 2020 Earnings (NYSE:BLD)

TopBuild Corp (NYSE:BLD) – Investment analysts at SunTrust Banks raised their Q3 2020 earnings estimates for TopBuild in a research report issued on Wednesday, July 8th. SunTrust Banks analyst K. Hughes now expects that the construction company will earn $1.30 per share for the quarter, up from their prior forecast of $0.85. SunTrust Banks currently has a “Buy” rating and a $110.00 target price on the stock. SunTrust Banks also issued estimates for TopBuild’s Q4 2020 earnings at $1.69 EPS, FY2020 earnings at $5.35 EPS, Q3 2021 earnings at $1.75 EPS and Q4 2021 earnings at $1.93 EPS.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.12. The business had revenue of $653.20 million for the quarter, compared to the consensus estimate of $653.23 million. TopBuild had a return on equity of 17.08% and a net margin of 7.67%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 earnings per share.

Other research analysts have also issued reports about the company. Deutsche Bank raised their target price on TopBuild from $113.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Benchmark lifted their price target on TopBuild from $113.00 to $139.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. They noted that the move was a valuation call. Nomura lifted their price target on TopBuild from $104.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Credit Suisse Group initiated coverage on TopBuild in a research note on Wednesday, May 27th. They set an “outperform” rating and a $132.00 price target for the company. Finally, ValuEngine downgraded TopBuild from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $118.36.

NYSE BLD opened at $113.12 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.66 and a debt-to-equity ratio of 0.64. TopBuild has a twelve month low of $54.83 and a twelve month high of $134.75. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 18.92 and a beta of 1.36. The business’s fifty day moving average is $118.23 and its 200 day moving average is $102.07.

In other news, COO Robert M. Buck sold 3,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $100.03, for a total value of $300,090.00. Following the transaction, the chief operating officer now owns 25,887 shares of the company’s stock, valued at $2,589,476.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gerald Volas sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $125.09, for a total transaction of $6,254,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,188 shares in the company, valued at approximately $6,903,466.92. The disclosure for this sale can be found here. Insiders sold a total of 91,571 shares of company stock worth $11,040,651 in the last ninety days. 1.70% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in TopBuild by 0.3% in the first quarter. Swiss National Bank now owns 65,821 shares of the construction company’s stock worth $4,715,000 after buying an additional 200 shares in the last quarter. Invesco Ltd. increased its stake in shares of TopBuild by 18.0% during the first quarter. Invesco Ltd. now owns 558,905 shares of the construction company’s stock valued at $40,039,000 after purchasing an additional 85,111 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of TopBuild by 26.9% during the first quarter. Wells Fargo & Company MN now owns 190,983 shares of the construction company’s stock valued at $13,682,000 after purchasing an additional 40,494 shares in the last quarter. Credit Suisse AG increased its stake in shares of TopBuild by 7.5% during the fourth quarter. Credit Suisse AG now owns 48,654 shares of the construction company’s stock valued at $5,016,000 after purchasing an additional 3,381 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of TopBuild by 50.3% during the first quarter. Nuveen Asset Management LLC now owns 259,777 shares of the construction company’s stock valued at $18,611,000 after purchasing an additional 86,920 shares in the last quarter. 94.08% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for TopBuild (NYSE:BLD)

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