Hold BLD by Jun 4, 2025.

TopBuild is maintained with a HOLD rating, as we lower its price target amid macroeconomic challenges, particularly in the residential housing sector. Despite low growth expectations, the company continues aggressive acquisitions and capital allocation strategies. Its resilient business model and strong cash flow support potential long-term growth, though short-term sales declines are anticipated. Investment Thesis: In our first TopBuild report in December, we started our coverage with a HOLD rating. Our original price target was $401. After the conclusion of …