TopBuild (BLD) Earning Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about TopBuild (NYSE:BLD) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TopBuild earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.7035522220722 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s analysis:

A number of equities research analysts have commented on the company. SunTrust Banks raised their price target on TopBuild to $90.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Thursday, May 10th. MKM Partners started coverage on TopBuild in a report on Wednesday, June 27th. They set a “buy” rating and a $99.00 price target on the stock. Evercore ISI started coverage on TopBuild in a report on Thursday, June 28th. They issued an “outperform” rating and a $95.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of TopBuild in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $92.78.

BLD traded up $0.26 on Friday, hitting $62.28. The company had a trading volume of 465,500 shares, compared to its average volume of 302,432. The firm has a market cap of $2.39 billion, a P/E ratio of 22.17 and a beta of 0.50. TopBuild has a 12-month low of $55.25 and a 12-month high of $87.21. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.08. The company had revenue of $605.97 million during the quarter, compared to analyst estimates of $594.43 million. TopBuild had a return on equity of 12.42% and a net margin of 9.10%. research analysts forecast that TopBuild will post 4.15 earnings per share for the current fiscal year.

In other TopBuild news, insider Robert M. Buck sold 17,766 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the completion of the transaction, the insider now owns 62,696 shares in the company, valued at $4,852,670.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John S. Peterson sold 1,887 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $77.28, for a total value of $145,827.36. Following the transaction, the vice president now owns 33,927 shares of the company’s stock, valued at approximately $2,621,878.56. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Insider Buying and Selling by Quarter for TopBuild (NYSE:BLD)

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