Whittier Trust Co. Buys 4,009 Shares of TopBuild Corp. $BLD

Whittier Trust Co. raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,316 shares of the construction company’s stock after buying an additional 4,009 shares during the quarter. Whittier Trust Co.’s holdings in TopBuild were worth $16,344,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BLD. Core Wealth Advisors LLC purchased a new position in shares of TopBuild in the 4th quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in TopBuild during the 3rd quarter valued at about $27,000. Parallel Advisors LLC grew its position in TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares during the last quarter. Global Retirement Partners LLC increased its stake in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Finally, First Horizon Corp increased its stake in TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BLD shares. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. UBS Group set a $440.00 target price on TopBuild in a research note on Wednesday, May 6th. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a report on Wednesday, May 6th. Finally, Evercore set a $360.00 price target on TopBuild in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $460.00.

TopBuild Stock Performance

Shares of NYSE BLD opened at $354.53 on Monday. The firm’s 50-day moving average price is $412.06 and its 200-day moving average price is $428.58. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The company has a market cap of $9.94 billion, a PE ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a 52-week low of $321.67 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.63 earnings per share. As a group, analysts anticipate that TopBuild Corp. will post 18.07 EPS for the current year.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.