Latest news with #TopBuild
Business Insider
19-07-2025
- Business
- Business Insider
Jefferies Sticks to Its Buy Rating for TopBuild (BLD)
Jefferies analyst Philip Ng maintained a Buy rating on TopBuild today and set a price target of $425.00. The company's shares opened today at $367.54. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ng is a 5-star analyst with an average return of 9.9% and a 56.94% success rate. Ng covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, Packaging, and Ball. In addition to Jefferies, TopBuild also received a Buy from Goldman Sachs's Susan Maklari in a report issued on July 15. However, on July 11, Truist Financial maintained a Hold rating on TopBuild (NYSE: BLD). The company has a one-year high of $495.68 and a one-year low of $266.26. Currently, TopBuild has an average volume of 391.4K. Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLD in relation to earlier this year. Last month, Nancy Taylor, a Director at BLD sold 125.00 shares for a total of $35,721.25.
Yahoo
16-07-2025
- Business
- Yahoo
TopBuild (BLD) Stock Trades Up, Here Is Why
What Happened? Shares of building services and installation company TopBuild (NYSE:BLD) jumped 4.9% in the pre-market session after the company announced it has successfully completed its acquisition of Progressive Roofing, a commercial roofing company, in an all-cash deal valued at $810 million. This strategic move marks TopBuild's entry into the large and highly fragmented commercial roofing sector, an estimated $75 billion market. The acquisition is expected to provide a new platform for both organic growth and further acquisitions. Investors are likely reacting positively to the deal's potential to increase TopBuild's revenue from non-discretionary sources. Approximately 70% of Progressive Roofing's revenue comes from re-roofing and maintenance services, which are less cyclical than new construction. The transaction is anticipated to be immediately accretive to TopBuild's adjusted earnings per share, signaling a positive impact on profitability and shareholder value. After the initial pop the shares cooled down to $357.29, up 0.2% from previous close. Is now the time to buy TopBuild? Access our full analysis report here, it's free. What Is The Market Telling Us TopBuild's shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 11 months ago when the stock dropped 11.3% on the news that the company reported weak second-quarter 2024 earnings. Its revenue unfortunately missed, and its EPS fell short of Wall Street's estimates. The results were pressured by weak volumes given higher interest rates, project delays, and supply constraints. Overall, this was a bad quarter for TopBuild. TopBuild is up 15.1% since the beginning of the year, but at $357.29 per share, it is still trading 25.4% below its 52-week high of $479.09 from July 2024. Investors who bought $1,000 worth of TopBuild's shares 5 years ago would now be looking at an investment worth $2,814. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
TopBuild Strikes $810 Million Deal to Buy Progressive Roofing
TopBuild (BLD) said Tuesday that it agreed to acquire Progressive Roofing in an $810-million cash de
Wall Street Journal
08-07-2025
- Business
- Wall Street Journal
TopBuild to Buy Progressive Roofing From Bow River Capital for $810 Million
TopBuild has struck a deal to buy commercial-roofing services provider Progressive Roofing from alternative asset manager Bow River Capital for $810 million in cash. TopBuild, an installer and distributor of insulation and related building-material products, on Tuesday said Progressive generated $438 million in revenue and $89 million in earnings before interest, taxes, depreciation and amortization for the 12 months ended March 31.
Yahoo
05-06-2025
- Business
- Yahoo
Why Is TopBuild (BLD) Up 1.4% Since Last Earnings Report?
It has been about a month since the last earnings report for TopBuild (BLD). Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is TopBuild due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. It turns out, estimates revision have trended downward during the past month. At this time, TopBuild has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, TopBuild has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. TopBuild belongs to the Zacks Building Products - Miscellaneous industry. Another stock from the same industry, Masco (MAS), has gained 4.9% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025. Masco reported revenues of $1.8 billion in the last reported quarter, representing a year-over-year change of -6.5%. EPS of $0.87 for the same period compares with $0.93 a year ago. Masco is expected to post earnings of $1.07 per share for the current quarter, representing a year-over-year change of -10.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.9%. Masco has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TopBuild Corp. (BLD) : Free Stock Analysis Report Masco Corporation (MAS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
