Whittier Trust Co. Purchases 959 Shares of TopBuild Corp. $BLD

Whittier Trust Co. grew its position in shares of TopBuild Corp. (NYSE:BLD) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,602 shares of the construction company’s stock after buying an additional 959 shares during the quarter. Whittier Trust Co.’s holdings in TopBuild were worth $13,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BLD. GAMMA Investing LLC grew its stake in TopBuild by 450.0% during the first quarter. GAMMA Investing LLC now owns 495 shares of the construction company’s stock worth $151,000 after buying an additional 405 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of TopBuild by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 3,436 shares of the construction company’s stock worth $1,047,000 after purchasing an additional 90 shares in the last quarter. Valmark Advisers Inc. acquired a new position in shares of TopBuild during the first quarter worth approximately $1,491,000. Horizon Bancorp Inc. IN acquired a new position in shares of TopBuild during the first quarter worth approximately $278,000. Finally, Tyche Wealth Partners LLC acquired a new position in shares of TopBuild during the first quarter worth approximately $212,000. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Up 2.0%

Shares of NYSE BLD opened at $449.40 on Wednesday. The company’s 50 day simple moving average is $419.40 and its 200 day simple moving average is $356.03. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $456.22. The firm has a market capitalization of $12.65 billion, a P/E ratio of 22.13, a P/E/G ratio of 4.61 and a beta of 1.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $5.42 earnings per share. TopBuild’s revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BLD shares. Bank of America upped their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Vertical Research started coverage on shares of TopBuild in a research report on Tuesday. They set a “buy” rating and a $517.96 target price on the stock. Seaport Res Ptn upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. 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 report on Wednesday, July 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $412.50.

Insider Buying and Selling at TopBuild

In other news, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction 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 transaction, the insider directly owned 4,934 shares of the company’s stock, valued at $2,047,610. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the completion of the transaction, the vice president directly owned 10,349 shares of the company’s stock, valued at $4,295,041.98. This trade represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is currently owned by corporate insiders.

About TopBuild

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.