28-Mar-2024
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TopBuild Reports Fourth Quarter and Year-End 2023 Financial Results
Globe Newswire (Wed, 28-Feb 6:45 AM ET)
TopBuild to Acquire Pest Control Insulation
Globe Newswire (Thu, 1-Feb 4:15 PM ET)
TopBuild to Release Fourth Quarter 2023 Results Wednesday, February 28
Globe Newswire (Thu, 25-Jan 6:45 AM ET)
TopBuild Corp is an installer and distributor of insulation products. Its operating segments involve the Installation and Specialty Distribution segment. The installation segment provides insulation installation services nationwide through contractor services business. Speciality Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets. The majority of revenue is earned from the installation segment. Its main customers are contractors. Other products include gutters, after-paint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates majorly in the United States.
Topbuild Corp. trades on the NYSE stock market under the symbol BLD.
As of March 28, 2024, BLD stock price climbed to $440.73 with 160,124 million shares trading.
BLD has a beta of 2.35, meaning it tends to be more sensitive to market movements. BLD has a correlation of 0.49 to the broad based SPY ETF.
BLD has a market cap of $14.02 billion. This is considered a Large Cap stock.
Last quarter Topbuild Corp. reported $1 billion in Revenue and $4.69 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.06.
In the last 3 years, BLD stock traded as high as $443.07 and as low as $140.66.
The top ETF exchange traded funds that BLD belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.
BLD has outperformed the market in the last year with a price return of +125.7% while the SPY ETF gained +33.6%. BLD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.3% and +7.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
BLD support price is $430.48 and resistance is $446.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLD stock will trade within this expected range on the day.