Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TopBuild Corp. (BLD) Share Price
Press coverage about TopBuild Corp. (NYSE:BLD) has been trending somewhat positive on Thursday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TopBuild Corp. earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.5360147520395 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- TopBuild Corp. – Value Analysis (NYSE:BLD) : November 13, 2017 (finance.yahoo.com)
- Research Analysts Set Expectations for TopBuild Corp.’s FY2017 Earnings (BLD) (americanbankingnews.com)
- TopBuild Corp.’s (BLD) “Overweight” Rating Reaffirmed at KeyCorp (americanbankingnews.com)
- TopBuild Corp. (BLD) Upgraded at ValuEngine (americanbankingnews.com)
- TopBuild Corp. breached its 50 day moving average in a Bearish Manner : BLD-US : November 10, 2017 (finance.yahoo.com)
A number of equities research analysts have weighed in on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a report on Wednesday, October 4th. ValuEngine raised TopBuild Corp. from a “hold” rating to a “buy” rating in a report on Friday, November 10th. KeyCorp reaffirmed an “overweight” rating on shares of TopBuild Corp. in a report on Friday, November 10th. Nomura lifted their price objective on TopBuild Corp. from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $60.67.
TopBuild Corp. (BLD) traded down $0.47 during mid-day trading on Thursday, hitting $63.04. 321,511 shares of the stock were exchanged, compared to its average volume of 250,991. TopBuild Corp. has a 52 week low of $35.31 and a 52 week high of $67.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.36. The firm has a market cap of $2,240.00 and a P/E ratio of 25.29.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. TopBuild Corp. had a net margin of 4.03% and a return on equity of 9.88%. The company had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. During the same period last year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. equities research analysts expect that TopBuild Corp. will post 2.74 earnings per share for the current year.
In related news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the transaction, the chief executive officer now directly owns 149,201 shares in the company, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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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