Whittier Trust Co. Raises Position in TopBuild Corp. (NYSE:BLD)

Whittier Trust Co. lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,739 shares of the construction company’s stock after buying an additional 1,303 shares during the quarter. Whittier Trust Co. owned 0.13% of TopBuild worth $12,060,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blueshift Asset Management LLC purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $512,000. Teacher Retirement System of Texas grew its holdings in TopBuild by 123.3% during the 4th quarter. Teacher Retirement System of Texas now owns 14,638 shares of the construction company’s stock valued at $4,557,000 after purchasing an additional 8,084 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in TopBuild by 33.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 133,934 shares of the construction company’s stock valued at $41,699,000 after purchasing an additional 33,763 shares in the last quarter. Enhancing Capital LLC purchased a new stake in TopBuild during the 4th quarter worth $677,000. Finally, Xponance Inc. lifted its holdings in TopBuild by 4.6% in the 4th quarter. Xponance Inc. now owns 3,707 shares of the construction company’s stock worth $1,154,000 after buying an additional 164 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

TopBuild stock opened at $306.73 on Friday. The company has a market cap of $8.97 billion, a PE ratio of 15.48, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. The company has a fifty day moving average price of $322.72 and a two-hundred day moving average price of $351.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.69 EPS. Research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BLD shares. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Loop Capital lowered their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild 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.