TopBuild (NYSE:BLD) Receives “Buy” Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of TopBuild (NYSE:BLD) in a research report released on Monday,Benzinga reports. DA Davidson currently has a $465.00 price target on the construction company’s stock.

Several other brokerages also recently issued reports on BLD. Royal Bank Of Canada lifted their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Wells Fargo & Company cut their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, Benchmark cut their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $440.21.

TopBuild Price Performance

NYSE:BLD opened at $489.81 on Monday. TopBuild has a 52 week low of $273.87 and a 52 week high of $559.47. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 5.15 and a beta of 1.78. The company has a 50-day moving average of $417.73 and a 200-day moving average of $434.88. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm posted $5.13 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that TopBuild will post 18.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of BLD. Inscription Capital LLC grew its holdings in TopBuild by 104.6% during the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 1,508 shares during the period. Calamos Advisors LLC acquired a new position in TopBuild during the third quarter valued at approximately $997,000. WCM Investment Management LLC acquired a new position in TopBuild during the third quarter valued at approximately $17,734,000. Campbell & CO Investment Adviser LLC grew its holdings in TopBuild by 697.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock valued at $3,090,000 after purchasing an additional 6,915 shares during the period. Finally, Citigroup Inc. grew its holdings in TopBuild by 20.7% during the third quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock valued at $13,677,000 after purchasing an additional 5,991 shares during the period. 95.67% of the stock is owned by institutional investors.

Trending Headlines about TopBuild

Here are the key news stories impacting TopBuild this week:

• Positive Sentiment: QXO agreed to acquire TopBuild in a definitive deal valued at about $17 billion; the transaction was unanimously approved by both boards and is described as immediately accretive, which is driving a re‑rating of BLD shares. QXO to Acquire TopBuild for 17 Billion
• Positive Sentiment: The deal gives TopBuild shareholders the option of $505.00 in cash or 20.2 shares of QXO (proration targets ~45% cash / 55% stock), creating an immediate premium versus prior trading levels and multiple pathways for value capture. Is TopBuild Stock Worth Watching After Recent Surge
• Neutral Sentiment: QXO posted an investor presentation outlining strategic rationale, expected financial impact and integration plans — useful for assessing pro forma earnings and synergies but not a guarantee of outcomes. QXO Announces Investor Presentation Regarding Acquisition of TopBuild
• Neutral Sentiment: DA Davidson reaffirmed a “buy” rating but set a $465 price target (below the current quote), signaling some analyst caution about upside from current levels after the deal repricing. Benzinga
• Negative Sentiment: Multiple shareholder law firms have opened investigations into whether TopBuild’s board obtained a fair price and complied with fiduciary duties in the sale, which could lead to litigation, slow the process or prompt renegotiation. $HAREHOLDER ALERT: The M-A Class Action Firm Announces An Investigation of TopBuild Corp.
• Negative Sentiment: Separate law firms (Rowley, Ademi, Halper Sadeh, Halper Sadeh LLC, etc.) have also publicized probes into the transaction terms and fiduciary conduct, increasing regulatory/legal risk ahead of closing. ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of TopBuild Corp.
• Negative Sentiment: Filings/coverage note recent insider sales by TopBuild executives over the past six months; while not proof of wrongdoing, continued insider selling can weigh on sentiment and invite scrutiny. TopBuild jumps as QXO agrees to buy the company in $17B cash-and-stock deal

About TopBuild

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.