Boston Trust Walden Corp Reduces Stock Holdings in TopBuild Corp. $BLD

Boston Trust Walden Corp reduced its stake in TopBuild Corp. (NYSE:BLD) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,699 shares of the construction company’s stock after selling 1,501 shares during the period. Boston Trust Walden Corp owned 0.53% of TopBuild worth $61,619,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BLD. Orion Porfolio Solutions LLC increased its stake in TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after purchasing an additional 390,838 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in TopBuild in the third quarter valued at approximately $87,955,000. Nordea Investment Management AB increased its stake in TopBuild by 228.6% in the third quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock valued at $107,873,000 after purchasing an additional 193,969 shares during the last quarter. Bank of America Corp DE increased its stake in TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares during the last quarter. Finally, UBS Group AG increased its stake in TopBuild by 51.9% in the third quarter. UBS Group AG now owns 246,889 shares of the construction company’s stock valued at $96,499,000 after purchasing an additional 84,307 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD stock opened at $470.41 on Wednesday. The company has a market capitalization of $13.24 billion, a P/E ratio of 25.71, a PEG ratio of 6.15 and a beta of 1.78. TopBuild Corp. has a twelve month low of $273.87 and a twelve month high of $559.47. The business has a 50 day simple moving average of $416.35 and a 200-day simple moving average of $435.38. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21.

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

Key Stories Impacting TopBuild

Here are the key news stories impacting TopBuild this week:

• Positive Sentiment: QXO agreed to buy TopBuild for roughly $17 billion; TopBuild shareholders can elect $505 cash or 20.2 QXO shares (proration targets ~45% cash / 55% stock). The deal carries a clear premium and was unanimously approved by both boards — the primary reason shares initially rallied. TopBuild shares jump after $17 billion QXO deal
• Positive Sentiment: QXO published an investor presentation outlining strategic rationale, expected accretion and integration plans — supports the case that management expects near-term earnings benefit and long-term scale advantages. QXO Announces Investor Presentation Regarding Acquisition of TopBuild
• Neutral Sentiment: Analyst activity is mixed: JPMorgan reaffirmed a “neutral” rating and raised its $496 target (slightly above prevailing levels), while DA Davidson kept a “buy” with a $465 target. These calls reflect differing views on the arbitrage/transaction risk vs. longer-term fundamentals. Benzinga analyst coverage summary
• Neutral Sentiment: TopBuild now functions partly as an arbitrage/security tied to the $505 cash option and the spread to that deal price; the gap persists because the transaction must clear closing conditions and shareholder/regulatory approvals (target close: Q3 2026). Constructing a Profit: Inside the $17B QXO Shake-Up
• Negative Sentiment: Multiple shareholder law firms have opened investigations into the sale process and adequacy of price (Johnson Fistel, Kahn Swick & Foti, Rowley Law, Ademi LLP, Monteverde & others). Litigation or proxy disputes could delay closing or affect deal terms. Johnson Fistel Investigates Potential Breaches of Fiduciary Duty Kahn Swick & Foti investigation
• Negative Sentiment: Deal risks that could pressure shares: proration mechanics (share/cash mix), regulatory approvals, and market reaction to QXO’s stock issuance and new debt (dilution and leverage concerns). These factors create volatility and explain why TopBuild shares have softened after the initial surge. Constructing a Profit: Inside the $17B QXO Shake-Up

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. DA Davidson reiterated a “buy” rating and issued a $465.00 price target on shares of TopBuild in a research note on Monday. Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Benchmark decreased their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $447.21.

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.