Findlay Park Partners LLP Trims Stock Holdings in TopBuild Corp. $BLD

Findlay Park Partners LLP reduced its holdings in TopBuild Corp. (NYSE:BLD) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,837 shares of the construction company’s stock after selling 1,800 shares during the quarter. Findlay Park Partners LLP owned approximately 0.40% of TopBuild worth $43,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MAI Capital Management raised its holdings in TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares during the period. CWM LLC boosted its holdings in TopBuild by 6.6% in the 3rd quarter. CWM LLC now owns 419 shares of the construction company’s stock worth $164,000 after acquiring an additional 26 shares during the period. Xponance Inc. grew its position in TopBuild by 0.8% in the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after acquiring an additional 27 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of TopBuild by 0.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,724 shares of the construction company’s stock valued at $1,457,000 after purchasing an additional 31 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in TopBuild by 31.7% in the 3rd quarter. Bessemer Group Inc. now owns 133 shares of the construction company’s stock worth $52,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Key TopBuild News

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

NYSE BLD opened at $447.69 on Friday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The business’s fifty day moving average is $479.99 and its two-hundred day moving average is $444.31. The stock has a market capitalization of $12.57 billion, a P/E ratio of 24.46, a P/E/G 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 (NYSE:BLD) last issued its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a return on equity of 26.12% and a net margin of 9.65%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm posted $5.13 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on BLD shares. Evercore reduced their target price on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings raised TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. DA Davidson reissued a “buy” rating and set a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. Royal Bank Of Canada increased their price target on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Jefferies Financial Group increased their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One equities 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’s stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $439.26.

TopBuild 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.