logo
Plus   Neg
Share
Email

Stock Alert: Will The Uptrend Continue For TopBuild?

Shares of TopBuild Corp. (BLD) climbed 3.86% in Wednesday's trading session before closing at $109.32. The stock is up nearly 130% in the past one year.

TopBuild is an installer and distributor of insulation and building material products to the construction industry.

In the third quarter, the company had brought back 364,074 shares at $89.76 per share, the third buyback by the company since 2017.

In October, when the company had reported its third-quarter results, TopBuild had raised its full-year revenue outlook to the range of $2.625 billion to $2.645 billion. Analysts have a consensus estimate of $2.64 billion.

Net sales in the third quarter had grown 5.4% to $682.3 million compared with the same quarter a year ago. Adjusted EPS for the quarter of $1.53 beat estimates of $1.39. Adjusted EPS in the comparable quarter last year was $1.23.

In July last year, TopBuild had acquired Viking Insulation, an insulation installation company. For the trailing twelve months ended March 31, 2019, Viking had revenue of approximately $9.0 million.

The company is expected to report its fourth-quarter results on February 25.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that the current state of the COVID-19 pandemic in the U.S. is "really not good." The U.S. is the country worst-affected by the coronavirus and has recently seen a surge in coronavirus infections as lockdown restrictions are eased. Granules Pharmaceuticals, Inc. recalled twelve (12) lots of type 2 diabetes medication Metformin hydrochloride Extended-Release, in the form of oral film-coated tablets, for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Palantir Technologies Inc., the Silicon Valley big data analytics company that has handled U.S. government's certain sensitive projects, said it has confidentially filed documents with the Securities and Exchange Commission to go public. In a statement, the company said the proposed public listing of its Class A common stock is expected to take place after the SEC completes its review process.
Follow RTT