Central Pacific Bank Trust Division Makes New $193,000 Investment in TopBuild Corp. (NYSE:BLD)

Central Pacific Bank Trust Division purchased a new position in TopBuild Corp. (NYSE:BLD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 440 shares of the construction company’s stock, valued at approximately $193,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in TopBuild by 5.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 17,154 shares of the construction company’s stock worth $7,560,000 after acquiring an additional 848 shares during the period. Whittier Trust Co. boosted its stake in shares of TopBuild by 4.0% during the 1st quarter. Whittier Trust Co. now owns 34,081 shares of the construction company’s stock valued at $15,020,000 after buying an additional 1,302 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of TopBuild by 3.4% during the 1st quarter. Jennison Associates LLC now owns 5,182 shares of the construction company’s stock valued at $2,284,000 after buying an additional 172 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of TopBuild by 4,820.9% during the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after buying an additional 28,395 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of TopBuild during the 1st quarter valued at approximately $131,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert M. Kuhns sold 540 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the transaction, the chief financial officer now owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Robert M. Buck sold 5,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert M. Kuhns sold 540 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the transaction, the chief financial officer now directly owns 15,928 shares of the company’s stock, valued at approximately $6,475,209.84. The disclosure for this sale can be found here. Insiders have sold 8,340 shares of company stock valued at $3,407,994 over the last three months. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BLD has been the subject of several research analyst reports. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Monday. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Benchmark upped their price target on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Bank of America upped their price target on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Evercore ISI upped their price target on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $436.00.

TopBuild Stock Performance

NYSE BLD traded up $1.90 during trading hours on Wednesday, hitting $382.20. The company had a trading volume of 29,971 shares, compared to its average volume of 278,469. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $452.87. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $401.33 and a 200-day simple moving average of $397.60. The firm has a market cap of $12.16 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.78 and a beta of 1.76.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $4.36 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts predict that TopBuild Corp. will post 21.63 EPS for the current year.

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.