Whittier Trust Co. of Nevada Inc. Buys 676 Shares of TopBuild Corp. (NYSE:BLD)

Whittier Trust Co. of Nevada Inc. boosted its stake in TopBuild Corp. (NYSE:BLD) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,475 shares of the construction company’s stock after purchasing an additional 676 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in TopBuild were worth $7,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock worth $2,379,000 after purchasing an additional 23 shares during the period. Andina Capital Management LLC raised its position in shares of TopBuild by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after purchasing an additional 27 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of TopBuild by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the period. Fifth Third Bancorp increased its holdings in TopBuild by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after buying an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. raised its holdings in shares of TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after purchasing an additional 31 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

NYSE:BLD traded down $24.05 during trading hours on Monday, reaching $390.72. The company had a trading volume of 185,273 shares, compared to its average volume of 284,251. The stock has a 50-day moving average of $389.93 and a two-hundred day moving average of $403.76. The firm has a market capitalization of $12.43 billion, a PE ratio of 19.69, a PEG ratio of 2.45 and a beta of 1.77. TopBuild Corp. has a one year low of $217.08 and a one year high of $495.68. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.25 earnings per share. Analysts forecast that TopBuild Corp. will post 21.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stephens dropped their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. DA Davidson reduced their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Truist Financial cut their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.