Aster Capital Management DIFC Ltd Makes New $598,000 Investment in TopBuild Corp. $BLD

Aster Capital Management DIFC Ltd acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 1,531 shares of the construction company’s stock, valued at approximately $598,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners raised its stake in TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after acquiring an additional 391,299 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Norges Bank purchased a new stake in shares of TopBuild in the second quarter worth $110,238,000. Westfield Capital Management Co. LP bought a new stake in shares of TopBuild during the 3rd quarter valued at $87,955,000. Finally, Nordea Investment Management AB lifted its stake in shares of TopBuild by 228.6% during the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock valued at $107,873,000 after buying an additional 193,969 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

More TopBuild News

Here are the key news stories impacting TopBuild this week:

• Positive Sentiment: Q4 results beat on the headline numbers: reported EPS $4.50 vs. consensus $4.39, and revenue of ~$1.49–1.50B (+13.2% y/y), driven largely by acquisitions. This shows top‑line growth and an EPS beat. MarketBeat: Earnings Summary
• Positive Sentiment: Management closed multiple strategic acquisitions (including SPI, Progressive Roofing, Johnson Roofing signed) that added ~ $1.2B in annualized revenue in 2025 and expand commercial/industrial exposure — management continues to prioritize M&A. GlobeNewsWire: Press Release
• Neutral Sentiment: 2026 revenue and adjusted‑EBITDA guidance: sales $5.925B–$6.225B and adj. EBITDA $1.005B–$1.155B — a range that factors in continued M&A and a mid‑single digit residential decline; guidance is roughly in line with stated assumptions but leaves room for variability. GlobeNewsWire: 2026 Outlook
• Neutral Sentiment: Management reiterated M&A and capital allocation priorities (completed share repurchases of $434M in 2025 and remaining repurchase capacity), which supports long‑term shareholder returns but also affects near‑term leverage and cash metrics. QuiverQuant: Summary
• Negative Sentiment: Profitability and cash‑flow headwinds: net income and operating margins declined y/y (Q4 net income fell and operating margin compressed), adjusted EBITDA was down modestly on a full‑year basis — investors worried margins will take time to recover as acquisitions are integrated. QuiverQuant: Profitability Notes
• Negative Sentiment: Leverage and interest expense rose materially after 2025 acquisitions (long‑term debt increased substantially and interest expense is higher), raising near‑term earnings sensitivity to rates and financial costs. GlobeNewsWire: Balance Sheet Details
• Negative Sentiment: Market reaction factors: investors appear focused on the margin declines, lower EPS vs. prior year (Q4 2024 EPS was higher) and the guidance assumptions for weaker residential activity — these items likely explain the stock moving lower today. Yahoo Finance: Why Shares Are Falling

TopBuild Trading Down 3.6%

BLD stock opened at $467.70 on Friday. The firm has a fifty day moving average price of $479.57 and a 200 day moving average price of $444.08. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $559.47. The firm has a market cap of $13.13 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 7.84 and a beta of 1.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $5.13 earnings per share. TopBuild’s quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BLD shares. Weiss Ratings upgraded TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Jefferies Financial Group upped their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Benchmark increased their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. DA Davidson reissued a “buy” rating and set a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada initiated coverage on TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $443.73.

TopBuild Company 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.