Advertisement
Canada markets close in 3 hours 58 minutes

  • S&P/TSX

    22,395.27
    -72.89 (-0.32%)
     

  • S&P 500

    5,316.72
    -4.69 (-0.09%)
     

  • DOW

    39,800.21
    -72.78 (-0.18%)
     

  • CAD/USD

    0.7316
    -0.0019 (-0.26%)
     

  • CRUDE OIL

    77.96
    -0.70 (-0.89%)
     

  • Bitcoin CAD

    96,272.77
    +877.89 (+0.92%)
     

  • CMC Crypto 200

    1,527.13
    +0.71 (+0.05%)
     

  • GOLD FUTURES

    2,395.80
    -30.10 (-1.24%)
     

  • RUSSELL 2000

    2,093.32
    -5.04 (-0.24%)
     

  • 10-Yr Bond

    4.4260
    +0.0120 (+0.27%)
     

  • NASDAQ

    16,832.34
    -0.29 (-0.00%)
     

  • VOLATILITY

    12.13
    +0.27 (+2.28%)
     

  • FTSE

    8,370.33
    -46.12 (-0.55%)
     

  • NIKKEI 225

    38,617.10
    -329.83 (-0.85%)
     

  • CAD/EUR

    0.6748
    -0.0006 (-0.09%)
     
MARKETS LIVE BLOG:

STOCKS SLIP AS WAIT FOR NVIDIA EARNINGS NEARS END

Target issues weak forecast as shoppers pull back on spending; shares tumble

Why TopBuild (BLD) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·2 min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

ADVERTISEMENT

TopBuild (BLD)

Headquartered in Daytona Beach, FL, TopBuild Corp. is an installer and distributor of insulation and other building products to the U.S. construction industry. TopBuild, which earlier operated as a subsidiary of Masco Corporation, provides insulation and building material services across the nation through TruTeam and Service Partners. The company started trading on the NYSE under the symbol “BLD" from Jul 1, 2015.

BLD is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 6.5% year-over-year for the current fiscal year, with sales growth of 5.8%.

Four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.20 to $21.02 per share for 2024. BLD boasts an average earnings surprise of 12.4%.

Looking at cash flow, TopBuild is expected to report cash flow growth of 12% this year; BLD has generated cash flow growth of 32.1% over the past three to five years.

BLD should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

TopBuild Corp. (BLD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research