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

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,214 shares of the construction company's stock after purchasing an additional 773 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.07% of TopBuild worth $6,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors boosted its stake in shares of TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after acquiring an additional 41,047 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after buying an additional 40,916 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after buying an additional 535,478 shares during the last quarter. Invesco Ltd. lifted its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after buying an additional 75,713 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in TopBuild by 5.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock worth $150,053,000 after acquiring an additional 23,428 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider directly owned 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. Stephens decreased their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Loop Capital boosted their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America upped their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average target price of $387.27.

TopBuild Trading Up 1.9%

BLD stock traded up $6.82 during mid-day trading on Thursday, hitting $365.02. 164,271 shares of the company were exchanged, compared to its average volume of 333,905. The business has a fifty day simple moving average of $313.91 and a 200-day simple moving average of $312.25. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The firm has a market capitalization of $10.44 billion, a P/E ratio of 18.44, a PEG ratio of 3.94 and a beta of 1.64.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company earned $4.81 earnings per share. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post 20.97 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.