TopBuild Corp. (NYSE:BLD) Getting Somewhat Positive Press Coverage, Accern Reports
Media stories about TopBuild Corp. (NYSE:BLD) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TopBuild Corp. earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.4851847169262 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
BLD has been the topic of a number of research analyst reports. Nomura initiated coverage on TopBuild Corp. in a report on Wednesday, April 12th. They set a “neutral” rating and a $45.00 price target on the stock. Instinet increased their price target on TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 10th. KeyCorp restated an “overweight” rating and set a $59.00 price target (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Finally, Zacks Investment Research cut TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TopBuild Corp. presently has a consensus rating of “Hold” and an average price target of $51.00.
TopBuild Corp. (NYSE:BLD) traded up 5.60% during trading on Friday, hitting $55.48. The company’s stock had a trading volume of 309,626 shares. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $55.52. The firm has a market cap of $2.04 billion, a P/E ratio of 34.92 and a beta of 0.63. The firm has a 50 day moving average of $53.08 and a 200 day moving average of $47.60.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The firm had revenue of $441.36 million for the quarter, compared to analyst estimates of $432.01 million. TopBuild Corp. had a return on equity of 8.21% and a net margin of 3.38%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. Equities research analysts predict that TopBuild Corp. will post $2.72 earnings per share for the current year.
In other news, COO Robert M. Buck sold 10,000 shares of TopBuild Corp. stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $52.00, for a total value of $520,000.00. Following the sale, the chief operating officer now directly owns 59,204 shares in the company, valued at approximately $3,078,608. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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