Whittier Trust Co. of Nevada Inc. Purchases 663 Shares of TopBuild Corp. $BLD

Key Points

• Whittier Trust Co. of Nevada Inc. increased its holdings in TopBuild Corp. by 3.3% in Q2, acquiring an additional 663 shares, bringing its total to 20,877 shares valued at approximately $6.76 million.
• Insider sales include Jeff M. Krestancic selling 373 shares valued at $154,795 and CFO Robert M. Kuhns selling 1,350 shares worth $590,584.50, indicating a downward trend in insider ownership.
• TopBuild Corp. reported $1.30 billion in revenue for Q2, matching analyst estimates, with a net margin of 11.40% and EPS of $5.31, surpassing estimates by $0.24.

Whittier Trust Co. of Nevada Inc. grew its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,877 shares of the construction company's stock after acquiring an additional 663 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.07% of TopBuild worth $6,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. raised its stake in shares of TopBuild by 2.4% during the second quarter. Whittier Trust Co. now owns 40,602 shares of the construction company's stock valued at $13,144,000 after acquiring an additional 959 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in TopBuild in the second quarter worth about $189,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in TopBuild in the second quarter worth about $3,069,000. Nordea Investment Management AB raised its stake in TopBuild by 148.6% in the second quarter. Nordea Investment Management AB now owns 84,834 shares of the construction company's stock worth $27,478,000 after buying an additional 50,714 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in TopBuild by 14.8% in the second quarter. Allianz Asset Management GmbH now owns 16,681 shares of the construction company's stock worth $5,400,000 after buying an additional 2,148 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider owned 4,934 shares in the company, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert M. Kuhns sold 1,350 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the sale, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,663 shares of company stock worth $5,709,488. Corporate insiders own 0.43% of the company's stock.

TopBuild Stock Up 2.0%

BLD stock opened at $449.40 on Wednesday. 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. The firm has a market cap of $12.65 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 4.61 and a beta of 1.66. The business has a 50 day moving average of $419.40 and a 200 day moving average of $356.03.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data 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. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $5.42 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BLD shares. Weiss Ratings reissued a "hold (c+)" rating on shares of TopBuild in a research note on Wednesday, October 8th. UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Benchmark increased their price target on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target 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. Finally, Truist Financial increased their price target on shares of TopBuild from $370.00 to $390.00 and gave the stock a "hold" rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $412.50.

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.

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