Whittier Trust Co. increased its position in TopBuild Corp. (NYSE:BLD – Free Report) by 9.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,316 shares of the construction company’s stock after buying an additional 4,009 shares during the quarter. Whittier Trust Co. owned 0.16% of TopBuild worth $16,344,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of TopBuild by 2.8% in the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after acquiring an additional 97,247 shares during the period. Capital International Investors boosted its holdings in shares of TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the period. Capital World Investors boosted its holdings in shares of TopBuild by 0.9% during the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares during the period. Bank of America Corp DE grew its stake in shares of TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares during the last quarter. Finally, Boston Partners increased its holdings in TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after purchasing an additional 7,400 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on BLD. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Evercore set a $360.00 target price on shares of TopBuild in a research note on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. DA Davidson reissued a “neutral” rating and issued a $437.00 price target (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Finally, Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, TopBuild currently has a consensus rating of “Hold” and a consensus price target of $460.00.
TopBuild Stock Performance
Shares of TopBuild stock opened at $354.53 on Monday. TopBuild Corp. has a 12 month low of $321.67 and a 12 month high of $559.47. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $412.06 and a two-hundred day simple moving average of $428.58.
TopBuild (NYSE:BLD – Get Free Report) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.63 EPS. On average, equities analysts forecast that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.
TopBuild Profile
TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.
The company operates through two main segments.
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