TopBuild (NYSE:BLD) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of TopBuild (NYSE:BLD) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $496.00 target price on the construction company’s stock, up from their prior target price of $487.00.

Other equities research analysts have also recently issued reports about the stock. Benchmark cut their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. DA Davidson reiterated a “buy” rating and issued a $465.00 price objective on shares of TopBuild in a report on Monday. Zacks Research lowered TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company cut their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $447.21.

TopBuild Stock Performance

NYSE:BLD opened at $470.41 on Tuesday. The company has a market cap of $13.24 billion, a P/E ratio of 25.71, a P/E/G ratio of 6.15 and a beta of 1.78. TopBuild has a twelve month low of $273.87 and a twelve month high of $559.47. The company’s 50-day moving average price is $416.35 and its 200-day moving average price is $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 announced its quarterly earnings data 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 company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned $5.13 EPS. TopBuild’s revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts forecast that TopBuild will post 18.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System purchased a new position in TopBuild in the first quarter valued at $2,846,000. Silver Oak Securities Incorporated boosted its stake in shares of TopBuild by 25.6% in the 1st quarter. Silver Oak Securities Incorporated now owns 957 shares of the construction company’s stock valued at $336,000 after buying an additional 195 shares during the period. Kestra Private Wealth Services LLC purchased a new position in shares of TopBuild in the 1st quarter valued at about $200,000. Fifth Third Wealth Advisors LLC grew its position in shares of TopBuild by 3.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 878 shares of the construction company’s stock worth $308,000 after buying an additional 27 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new stake in shares of TopBuild in the 1st quarter valued at approximately $1,167,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild News Roundup

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

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.