Benchmark Has Lowered Expectations for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD) had its price target reduced by stock analysts at Benchmark from $515.00 to $500.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Benchmark’s target price would indicate a potential upside of 11.20% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $485.00 price target on shares of TopBuild in a research report on Wednesday, December 10th. Weiss Ratings raised TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Jefferies Financial Group lifted their target price on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Evercore reduced their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada initiated coverage on shares of TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 target price on the stock. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $442.73.

TopBuild Stock Down 3.9%

Shares of NYSE:BLD traded down $18.33 during trading on Friday, reaching $449.65. 135,016 shares of the stock were exchanged, compared to its average volume of 315,009. TopBuild has a 1-year low of $266.26 and a 1-year high of $559.47. The stock has a fifty day moving average of $479.57 and a two-hundred day moving average of $444.08. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 7.84 and a beta of 1.70.

TopBuild (NYSE:BLD) last posted 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 10.84% and a return on equity of 27.10%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $5.13 EPS. TopBuild’s revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BLD. Inscription Capital LLC lifted its stake in shares of TopBuild by 104.6% in the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after acquiring an additional 1,508 shares during the last quarter. Calamos Advisors LLC bought a new stake in TopBuild in the 3rd quarter worth $997,000. WCM Investment Management LLC bought a new position in shares of TopBuild during the third quarter valued at about $17,734,000. Campbell & CO Investment Adviser LLC grew its stake in shares of TopBuild by 697.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock worth $3,090,000 after purchasing an additional 6,915 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its holdings in TopBuild by 244.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company’s stock valued at $36,698,000 after purchasing an additional 66,601 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting TopBuild

Here are the key news stories impacting TopBuild this week:

• Positive Sentiment: Q4 results beat consensus: TopBuild reported $4.50 EPS vs. $4.39 expected and ~ $1.49–$1.50B revenue, with sales up 13.2% year-over-year (driven largely by acquisitions). The beat supports the company’s top-line growth story. TopBuild Q4 results
• Positive Sentiment: Aggressive M&A is expanding commercial/industrial exposure: TopBuild completed seven acquisitions in 2025 (adding ~ $1.2B in annual revenue) including SPI and Progressive Roofing, and announced Johnson Roofing (Texas) to boost its commercial roofing platform — supporting secular growth outside residential new builds. Press release
• Positive Sentiment: Large shareholder returns: TopBuild repurchased ~1.37M shares in 2025 for $434.2M and has ~$754M remaining buyback capacity — a sign of management confidence and support for EPS. Quiver summary
• Positive Sentiment: Analyst/coverage notes point to long-term growth: recent Zacks write-ups highlight TopBuild’s style scores and growth runway, which may underpin buy-side interest for longer-term investors. Zacks: long-term case
• Neutral Sentiment: Small institutional activity: Aster Capital Management disclosed a new ~$598k stake — incremental institutional interest but not a material position on its own. Aster Capital stake
• Neutral Sentiment: Full earnings call transcript and slide deck available — useful for parsing management’s assumptions on housing starts, M&A cadence and synergy realization timelines. Earnings call transcript
• Negative Sentiment: Profitability, leverage and cash-flow trade-offs: GAAP net income and margins declined vs. prior year (EPS down from $5.13 to $4.50), adjusted EBITDA margin dipped, and long-term debt rose materially after acquisitions — driving higher interest expense and investor concern about near-term earnings quality. Management flagged mid-single-digit residential declines for 2026. Press release (financials & guidance)
• Negative Sentiment: Market reaction / sell-pressure explanation: commentary, higher SG&A and conservative assumptions about residential weakness plus the above leverage concerns help explain intraday selling pressure. Articles summarizing why shares are falling point to these mixed signals despite the headline beat. Why shares are falling

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.