TopBuild Corp. (NYSE:BLD) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,643 shares of the construction company's stock after buying an additional 904 shares during the period. Whittier Trust Co. owned 0.14% of TopBuild worth $12,089,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BLD. T. Rowe Price Investment Management Inc. raised its stake in TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after purchasing an additional 535,478 shares during the period. Norges Bank acquired a new stake in TopBuild during the fourth quarter worth $108,688,000. Westwood Holdings Group Inc. purchased a new stake in TopBuild in the fourth quarter valued at $80,844,000. Interval Partners LP acquired a new position in shares of TopBuild in the 4th quarter valued at $53,424,000. Finally, GAMMA Investing LLC increased its position in shares of TopBuild by 167,622.2% during the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after purchasing an additional 150,860 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of BLD stock traded down $17.77 during trading hours on Tuesday, hitting $356.56. The stock had a trading volume of 533,525 shares, compared to its average volume of 448,688. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The firm has a market capitalization of $10.19 billion, a PE ratio of 17.94, a PEG ratio of 4.13 and a beta of 1.64. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The stock's 50 day moving average is $309.35 and its 200 day moving average is $311.17.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.81 earnings per share. As a group, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Loop Capital raised their price target on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Stephens cut their price target 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. Finally, JPMorgan Chase & Co. upped their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Activity at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider owned 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by company insiders.

TopBuild 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.