Whittier Trust Co. of Nevada Inc. Purchases 966 Shares of TopBuild Corp. (NYSE:BLD)

Whittier Trust Co. of Nevada Inc. increased its holdings in TopBuild Corp. (NYSE:BLD) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,441 shares of the construction company’s stock after acquiring an additional 966 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.07% of TopBuild worth $6,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BLD. FMR LLC grew its position in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after acquiring an additional 161,743 shares during the period. Jennison Associates LLC grew its holdings in TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after purchasing an additional 110,143 shares during the period. E. Ohman J or Asset Management AB purchased a new stake in TopBuild in the fourth quarter worth $23,906,000. Victory Capital Management Inc. raised its stake in shares of TopBuild by 116.9% in the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock valued at $29,442,000 after buying an additional 50,959 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after acquiring an additional 48,562 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Performance

NYSE:BLD opened at $298.57 on Friday. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.73 billion, a P/E ratio of 15.06, a PEG ratio of 1.82 and a beta of 1.89. The business’s 50-day moving average price is $322.42 and its two-hundred day moving average price is $351.17.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.69 EPS. As a group, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BLD shares. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Truist Financial reduced their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, Benchmark reduced their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $403.88.

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.