Whittier Trust Co. of Nevada Inc. Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. 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. owned about 0.06% of TopBuild worth $7,516,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BLD. Whittier Trust Co. grew its position in TopBuild by 4.5% in the third quarter. Whittier Trust Co. now owns 37,436 shares of the construction company’s stock worth $15,229,000 after acquiring an additional 1,617 shares in the last quarter. Narus Financial Partners LLC purchased a new position in TopBuild in the 3rd quarter valued at about $204,000. McClarren Financial Advisors Inc. boosted its position in shares of TopBuild by 221.8% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 1,239 shares of the construction company’s stock valued at $504,000 after acquiring an additional 854 shares during the last quarter. Blue Trust Inc. increased its position in shares of TopBuild by 27.3% during the third quarter. Blue Trust Inc. now owns 373 shares of the construction company’s stock valued at $144,000 after acquiring an additional 80 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of TopBuild by 7.8% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 38,213 shares of the construction company’s stock valued at $15,545,000 after purchasing an additional 2,758 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE BLD traded down $24.05 during midday trading on Monday, reaching $390.72. The company’s stock had a trading volume of 185,273 shares, compared to its average volume of 284,251. The company has a market cap of $12.43 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.45 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The business’s 50 day moving average price is $389.93 and its two-hundred day moving average price is $403.76.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business posted $5.25 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 21.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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