Citigroup Inc. Raises Stock Holdings in TopBuild Corp. $BLD

Citigroup Inc. raised its position in shares of TopBuild Corp. (NYSE:BLD) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,992 shares of the construction company’s stock after buying an additional 5,991 shares during the period. Citigroup Inc. owned about 0.12% of TopBuild worth $13,677,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BLD. Boston Partners boosted its holdings in shares of TopBuild by 102.2% during the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after purchasing an additional 391,299 shares during the period. Orion Porfolio Solutions LLC increased its holdings in TopBuild by 7,961.7% during the 2nd 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 period. Norges Bank bought a new position in TopBuild during the 2nd quarter valued at approximately $110,238,000. Nordea Investment Management AB lifted its holdings in TopBuild by 228.6% in the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock worth $107,873,000 after buying an additional 193,969 shares during the period. Finally, Bank of America Corp DE grew its position in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after buying an additional 109,572 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BLD. Weiss Ratings upgraded TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Royal Bank Of Canada upped their price objective on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and set a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. Benchmark decreased their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $439.26.

TopBuild News Summary

Here are the key news stories impacting TopBuild this week:

• Positive Sentiment: Wells Fargo cut its price target from $600 to $525 but kept an Overweight rating, leaving material upside vs. the current price — shows continued analyst conviction despite the reset. Benzinga
• Positive Sentiment: Benchmark trimmed its target from $515 to $500 but maintained a Buy — another buy-side vote that implies double-digit upside from current levels. Benzinga
• Positive Sentiment: TopBuild returned $434.2M to shareholders via share repurchases in 2025 and has substantial remaining buyback capacity (~$753.9M), supporting EPS and signaling management confidence. TopBuild Q4 press release
• Positive Sentiment: Institutional buying: Aster Capital disclosed a new ~ $598k position in BLD, indicating some funds are adding exposure after the results. Aster Capital buys BLD
• Neutral Sentiment: RBC bumped its target modestly from $410 to $433 and left a Sector Perform rating — a mixed signal (slightly higher target but no upgrade). Benzinga
• Neutral Sentiment: Q4 results: revenue (~$1.49B) roughly in line with expectations and EPS of $4.50 beat consensus by $0.11, but EPS and net income were down versus a year ago — topline growth was acquisition-driven. Yahoo Finance: Q4 results
• Negative Sentiment: Profitability compression: reported operating and net margins declined (YoY net income and EPS down), driven by SG&A increases, acquisition-related costs and inventory step-ups that weighed on Specialty Distribution margins. Those margin hits are a key reason sentiment turned negative despite revenue growth. TopBuild Q4 press release
• Negative Sentiment: Higher leverage and interest costs: long-term debt rose materially after 2025 acquisitions and interest expense increased, raising financial risk and weighing on adjusted earnings expectations. This is amplifying investor caution. TopBuild Q4 press release
• Negative Sentiment: Insider selling: recent insider share sales (including by the CEO) have been reported, which can add to near-term downward pressure on the stock. Quiver / summary

TopBuild Price Performance

Shares of BLD opened at $447.69 on Friday. The stock has a market cap of $12.57 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 7.56 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 Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $559.47. The firm’s 50-day simple moving average is $479.99 and its two-hundred day simple moving average is $444.31.

TopBuild (NYSE:BLD) last released its 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. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 26.12%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $5.13 earnings per share. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.