Whittier Trust Co. Purchases 1,617 Shares of TopBuild Corp. (NYSE:BLD)

Whittier Trust Co. lifted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,436 shares of the construction company's stock after buying an additional 1,617 shares during the quarter. Whittier Trust Co. owned about 0.12% of TopBuild worth $15,229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BLD. Vanguard Group Inc. grew its stake in shares of TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock valued at $1,317,795,000 after buying an additional 15,965 shares during the period. Liontrust Investment Partners LLP increased its holdings in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of TopBuild by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock worth $100,927,000 after purchasing an additional 2,133 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock worth $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in TopBuild by 7.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company's stock valued at $53,097,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BLD. Evercore ISI upped their price objective on shares of TopBuild from $489.00 to $491.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Truist Financial lowered their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Finally, Stephens cut their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and an average target price of $446.89.

TopBuild Stock Performance

BLD traded down $22.31 during midday trading on Monday, reaching $392.46. The company had a trading volume of 279,358 shares, compared to its average volume of 284,714. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The business has a 50-day moving average price of $389.93 and a two-hundred day moving average price of $403.76. The stock has a market cap of $12.49 billion, a PE 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 (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the business earned $5.25 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that TopBuild Corp. will post 21.08 earnings per share for the current fiscal year.

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.