TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services. The company also provides various services and tools to assist builders in applying the principles of building science to new home construction, which include pre-construction plan reviews, various inspection services, and diagnostic testing; and home energy rating services. It serves single-family homebuilders, single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. The company operates approximately 200 installation branches and 75 distribution centers in the United States. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
IPO Year: 2015
Exchange: NYSE
Website: topbuild.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/5/2024 | $470.00 | Buy | DA Davidson |
1/8/2024 | Hold → Buy | Loop Capital | |
1/4/2024 | $290.00 → $410.00 | Buy → Hold | Truist |
12/14/2023 | $312.00 → $387.00 | Neutral → Overweight | JP Morgan |
11/16/2023 | $355.00 | Buy | Goldman |
11/9/2023 | $308.00 → $368.00 | In-line → Outperform | Evercore ISI |
8/1/2023 | $315.00 | Buy | Seaport Research Partners |
5/23/2023 | $225.00 | Buy | BofA Securities |
5/3/2023 | Neutral | BTIG Research | |
1/11/2023 | $201.00 → $227.00 | Hold → Buy | Deutsche Bank |
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Both segments drive growth, resulting in second quarter sales of $1.37 billion Delivered gross margin of 31% and adjusted EBITDA margin of 20.3% Revises 2024 guidance to $5.3 to $5.5 billion in revenue and $1.055 to $1.125 billion in adjusted EBITDA DAYTONA BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada today reported results for the second quarter ended June 30, 2024. "We're pleased with our solid results in the second quarter, as our teams continued to focus on growth and profitability across the business. We
DAYTONA BEACH, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its second quarter results prior to 7:00 a.m. on Tuesday, August 6. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. To participate in the live call, dial 1-877-407-9037 or internationally 1-201-493-6738 approximately ten minutes before the scheduled call time. A live, listen-only webcast can be accessed at Q2 2024 BLD Webcast or through the Company's Web site at www.topbuild.c
DAYTONA BEACH, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, announced today that it has acquired Texas Insulation, which generates approximately $39 million in annual revenue. Texas Insulation operates out of three locations in Dallas, Houston, and Austin and serves customers in the residential and light commercial end markets. The company installs primarily spray foam as well as fiberglass insulation. Robert Buck, President and CEO of TopBuild, said, "Texas Insulation expands our spray foam capabilities in a
First quarter sales grow 1.1% to $1.3 billion Gross margin expands 100 basis points to 30.3% Adjusted EBITDA margin expands 100 basis points to 19.8% DAYTONA BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada today reported results for the first quarter ended March 31, 2024. Robert Buck, President and Chief Executive Officer, said, "We are proud of our first quarter results, which reflect the strength of our business, our ongoing drive to improve, and the hard work of our team. We continue to focus on growin
DAYTONA BEACH, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire Insulation Works, based in Wickes, Ark. Insulation Works services the residential and light commercial end markets in Arkansas and the surrounding states, and agricultural buildings nationally. Insulation Works has three locations across Arkansas and generates approximately $28 million in annual revenue. The transaction is expected to close in May. Robert Buck, President and CEO of TopBuild, said, "The addition of I
DAYTONA BEACH, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, today announced that for the second consecutive year it has earned certification by Great Place to Work®. Great Place to Work is a global authority on workplace culture, employee experience, and effective leadership, provides independent company assessments based entirely on employees' feedback about their workplace experience. Robert Buck, President and Chief Executive Officer, said, "We are proud to again be recognized for building a workplace that supports
TopBuild's Total Addressable Market is >$18 Billion; Significant Opportunity to Continue Driving Growth Organically and through Acquisitions DAYTONA BEACH, Fla., April 22, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, today announced the mutual termination of its agreement to acquire Specialty Products and Insulation ("SPI"), originally announced on July 27, 2023. Robert Buck, President and Chief Executive Officer of TopBuild, stated, "We are highly disciplined around our approach to M&A and driving shareholder value. "Over the l
DAYTONA BEACH, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its first quarter results prior to 7:00 a.m. on Tuesday, May 7. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. Live Call: US/Canada callers dial (877) 407-9037 A live, listen-only webcast can be accessed through the Company's Web site at www.topbuild.com or through the following link: Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=WbKzJdpN Abou
Fourth Quarter Highlights Sales increase 1.7% to $1.3 billionGross margin expands 70 basis points to 30.4%Adjusted EBITDA margin expands 80 basis points to 19.6% Full Year Highlights Sales increase 3.7% to $5.2 billionGross margin expands 120 basis points to 30.9%Adjusted EBITDA margin expands 140 basis points to 20.2% Provides 2024 Sales and Adjusted EBITDA Outlook DAYTONA BEACH, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada today reported results for the fourth quarter and year ended December 31. 2023. R
National Specialty Distributor of Customized Insulation Products$24 Million Annual RevenueBlue Chip Client Base DAYTONA BEACH, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire the assets of Pest Control Insulation, a specialty distribution company focused on blended, customized insulation products, accessories, and equipment for sale exclusively to the pest control industry. Pest Control Insulation's national customer base includes some of the largest pest control services compani
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Both segments drive growth, resulting in second quarter sales of $1.37 billion Delivered gross margin of 31% and adjusted EBITDA margin of 20.3% Revises 2024 guidance to $5.3 to $5.5 billion in revenue and $1.055 to $1.125 billion in adjusted EBITDA DAYTONA BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada today reported results for the second quarter ended June 30, 2024. "We're pleased with our solid results in the second quarter, as our teams continued to focus on growth and profitability across the business. We
DAYTONA BEACH, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its second quarter results prior to 7:00 a.m. on Tuesday, August 6. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. To participate in the live call, dial 1-877-407-9037 or internationally 1-201-493-6738 approximately ten minutes before the scheduled call time. A live, listen-only webcast can be accessed at Q2 2024 BLD Webcast or through the Company's Web site at www.topbuild.c
DAYTONA BEACH, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, announced today that it has acquired Texas Insulation, which generates approximately $39 million in annual revenue. Texas Insulation operates out of three locations in Dallas, Houston, and Austin and serves customers in the residential and light commercial end markets. The company installs primarily spray foam as well as fiberglass insulation. Robert Buck, President and CEO of TopBuild, said, "Texas Insulation expands our spray foam capabilities in a
First quarter sales grow 1.1% to $1.3 billion Gross margin expands 100 basis points to 30.3% Adjusted EBITDA margin expands 100 basis points to 19.8% DAYTONA BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada today reported results for the first quarter ended March 31, 2024. Robert Buck, President and Chief Executive Officer, said, "We are proud of our first quarter results, which reflect the strength of our business, our ongoing drive to improve, and the hard work of our team. We continue to focus on growin
DAYTONA BEACH, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its first quarter results prior to 7:00 a.m. on Tuesday, May 7. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. Live Call: US/Canada callers dial (877) 407-9037 A live, listen-only webcast can be accessed through the Company's Web site at www.topbuild.com or through the following link: Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=WbKzJdpN Abou
Fourth Quarter Highlights Sales increase 1.7% to $1.3 billionGross margin expands 70 basis points to 30.4%Adjusted EBITDA margin expands 80 basis points to 19.6% Full Year Highlights Sales increase 3.7% to $5.2 billionGross margin expands 120 basis points to 30.9%Adjusted EBITDA margin expands 140 basis points to 20.2% Provides 2024 Sales and Adjusted EBITDA Outlook DAYTONA BEACH, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada today reported results for the fourth quarter and year ended December 31. 2023. R
DAYTONA BEACH, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its fourth quarter and year-end 2023 results prior to 7:00 a.m. on Wednesday, February 28. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. Live Call: US/Canada callers dial (877) 407-9037 A live, listen-only webcast can be accessed through the Company's Web site at www.topbuild.com or through the link below: Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=
1.9% increase in net sales31.7% gross margin 17.9% operating margin, 18.5% on an adjusted basis 21.4% adjusted EBITDA margin DAYTONA BEACH, Fla., Oct. 31, 2023 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada today reported results for the third quarter ended September 30, 2023. Robert Buck, President and Chief Executive Officer, stated, "TopBuild continues to perform well and produce solid operating results, a testament to our team's hard work and focus on profitable growth. We are particularly pleased with the performance of our
DAYTONA BEACH, Fla., Oct. 03, 2023 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its third quarter results prior to 7:00 a.m. on Tuesday, October 31. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. Live Call: US/Canada callers dial (877) 407-9037 A live, listen-only webcast can be accessed through the Company's Web site at www.topbuild.com or through the link below: Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=EfT3joHa [event.chorus
Sales increased 3.4% to $1.3 billionGross margin expanded 190 basis points to 32.0%Adjusted EBITDA margin expanded 190 basis points to 20.9% DAYTONA BEACH, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada today reported results for the second quarter ended June 30, 2023. Robert Buck, President and Chief Executive Officer, stated, "TopBuild once again delivered strong operating results, as we continue to benefit from a favorable operating environment and maintain our focus on driving improvements at both business
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DA Davidson initiated coverage of TopBuild with a rating of Buy and set a new price target of $470.00
Loop Capital upgraded TopBuild from Hold to Buy
Truist downgraded TopBuild from Buy to Hold and set a new price target of $410.00 from $290.00 previously
JP Morgan upgraded TopBuild from Neutral to Overweight and set a new price target of $387.00 from $312.00 previously
Goldman initiated coverage of TopBuild with a rating of Buy and set a new price target of $355.00
Evercore ISI upgraded TopBuild from In-line to Outperform and set a new price target of $368.00 from $308.00 previously
Seaport Research Partners initiated coverage of TopBuild with a rating of Buy and set a new price target of $315.00
BofA Securities initiated coverage of TopBuild with a rating of Buy and set a new price target of $225.00
BTIG Research resumed coverage of TopBuild with a rating of Neutral
Deutsche Bank upgraded TopBuild from Hold to Buy and set a new price target of $227.00 from $201.00 previously
Jefferies analyst Philip Ng maintains TopBuild (NYSE:BLD) with a Buy and raises the price target from $486 to $536.
Evercore ISI Group analyst Stephen Kim maintains TopBuild (NYSE:BLD) with a Outperform and raises the price target from $529 to $555.
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TopBuild's (NYSE:BLD) short percent of float has risen 7.18% since its last report. The company recently reported that it has 662 thousand shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.28 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
TopBuild (NYSE:BLD) has outperformed the market over the past 5 years by 23.2% on an annualized basis producing an average annual return of 35.91%. Currently, TopBuild has a market capitalization of $12.26 billion. Buying $100 In BLD: If an investor had bought $100 of BLD stock 5 years ago, it would be worth $463.67 today based on a price of $385.27 for BLD at the time of writing. TopBuild's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
TopBuild (NYSE:BLD) has outperformed the market over the past 5 years by 23.34% on an annualized basis producing an average annual return of 36.58%. Currently, TopBuild has a market capitalization of $12.51 billion. Buying $1000 In BLD: If an investor had bought $1000 of BLD stock 5 years ago, it would be worth $4,882.81 today based on a price of $393.31 for BLD at the time of writing. TopBuild's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
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