Whittier Trust Co. Has $13.14 Million Stake in TopBuild Corp. $BLD

Whittier Trust Co. boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,602 shares of the construction company’s stock after acquiring an additional 959 shares during the period. Whittier Trust Co. owned 0.14% of TopBuild worth $13,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in TopBuild by 9.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,307 shares of the construction company’s stock worth $37,298,000 after acquiring an additional 10,351 shares during the last quarter. E. Ohman J or Asset Management AB lifted its position in TopBuild by 7.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 81,384 shares of the construction company’s stock worth $26,347,000 after acquiring an additional 5,344 shares during the last quarter. Intech Investment Management LLC lifted its position in TopBuild by 1.4% during the 1st quarter. Intech Investment Management LLC now owns 47,329 shares of the construction company’s stock worth $14,433,000 after acquiring an additional 652 shares during the last quarter. Tribune Investment Group LP acquired a new position in TopBuild during the 1st quarter worth $7,319,000. Finally, Kera Capital Partners Inc. bought a new position in shares of TopBuild during the 2nd quarter worth about $224,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE BLD opened at $449.40 on Wednesday. The stock has a market cap of $12.65 billion, a P/E ratio of 22.13, a PEG ratio of 4.61 and a beta of 1.66. The company’s 50-day simple moving average is $419.40 and its 200 day simple moving average is $356.03. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $456.22. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BLD. Vertical Research began coverage on shares of TopBuild in a report on Tuesday. They set a “buy” rating and a $517.96 price objective on the stock. The Goldman Sachs Group boosted their price objective on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Benchmark boosted their price objective on shares of TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Evercore ISI boosted their price objective on shares of TopBuild from $424.00 to $449.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Finally, Loop Capital boosted their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $412.50.

Insider Buying and Selling at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the sale, the chief executive officer owned 73,225 shares of the company’s stock, valued at $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. The trade was a 7.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,663 shares of company stock worth $5,709,488. Insiders own 0.43% of the company’s stock.

About TopBuild

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.