TopBuild Corp focuses on installation services as investors track long-term growth
TopBuild Corp, a key installer and distributor of building products in the US, is being closely watched by investors due to its focus on installation services and its multi-brand strategy. The company's performance is influenced by construction cycles, interest rates, and broader economic conditions. TopBuild also operates a distribution network and benefits from the increasing demand for energy efficiency in buildings.
QXO (QXO) director Covington receives 153,862 shares via TopBuild merger terms
QXO director Alec C. Covington received 153,862 shares of QXO common stock as part of the company's acquisition of TopBuild Corp. This was reported in a Form 4 SEC filing, indicating the shares were awarded at $0.00 in connection with the merger terms. Covington received a mix of cash and QXO shares, as well as additional shares from vested TopBuild restricted stock awards.
Greenwich-Based Company Completes $17 Billion Acquisition
Greenwich-based building products distributor QXO has finalized its acquisition of TopBuild Corp. for approximately $17 billion. This strategic move expands QXO's operations across North America, making it a leader in several key building product segments, including insulation, waterproofing, and roofing. The company anticipates achieving at least $300 million in annual synergies by 2030 and aims for $50 billion in revenue.
QXO Insulation (BLD) counsel Machado surrenders TopBuild equity in merger cleanup
Luis Francisco Machado, VP, General Counsel, and Corporate Secretary of QXO Insulation, LLC, has disposed of TopBuild Corp. equity and cancelled employee stock options due to QXO's acquisition of TopBuild. These transactions, primarily merger- and compensation-related adjustments, involved converting TopBuild shares into cash and QXO stock or all QXO stock. Machado's Form 4 filing indicates an equity cleanup and award conversion rather than open-market trading, with no remaining TopBuild derivative positions reported.
TopBuild (NYSE: BLD) director tendered 6,431 shares in QXO merger
Nancy M. Taylor, a director at TopBuild (NYSE: BLD), disposed of 6,431 shares of TopBuild common stock as part of the company's merger with QXO, Inc. She elected to receive a mix of cash and QXO stock for 6,088 shares and all QXO stock for 343 shares, rather than selling them on the open market. This transaction reflects the conversion of her shares according to the merger agreement, and she retained no TopBuild shares post-merger.
TopBuild (NYSE: BLD) director surrenders shares in QXO cash-stock merger
TopBuild director Tina Donikowski disposed of 4,123 shares of common stock back to the issuer following QXO, Inc.'s acquisition of TopBuild Corp., which became effective on July 1, 2026. Donikowski elected the cash-and-stock consideration option from the merger terms, which involved approximately $249.71 in cash plus 10.211 QXO common shares per TopBuild share. Her direct holdings in TopBuild were reduced to zero after these transactions, including previously restricted stock awards that vested prior to the merger.
QXO Insulation (BLD) director exits TopBuild stake as merger consideration is paid
Alec C. Covington, a director of QXO Insulation, LLC, disposed of his entire stake in TopBuild Corp. following the merger where QXO, Inc. acquired TopBuild. He elected the cash-plus-stock consideration option, receiving approximately $249.71 in cash and 10.211 QXO shares per TopBuild share, with his restricted stock awards vesting immediately prior to the merger's effective date of July 1, 2026. This transaction involved two issuer dispositions totaling 15,068 shares, leaving him with zero TopBuild shares.
TopBuild (NYSE: BLD) director tenders shares in QXO cash-stock merger
TopBuild director Deirdre Drake disposed of 2,103 shares of TopBuild common stock as part of the QXO merger, electing a "cash-plus-stock" consideration. Each TopBuild share was converted into approximately $249.71 in cash and 10.211 shares of QXO common stock, or 20.200 shares of QXO common stock. After these transactions, Drake directly holds 343 shares of TopBuild.
TopBuild (NYSE: BLD) director gives up shares in QXO cash-stock merger
Mark A. Petrarca, a director of QXO Insulation, LLC, has disposed of 14,725 and 343 shares of TopBuild common stock as part of the company's acquisition by QXO, Inc. The dispositions, coded as "D," indicate a transfer to the issuer at a stated price of $0.00 per share, reflecting the mechanics of the merger rather than open-market sales. Petrarca opted for a cash-and-stock consideration option, resulting in his remaining holdings of TopBuild common stock being zero.
Director Cantie (NYSE: BLD) exchanges TopBuild shares in QXO merger
TopBuild director Joseph S. Cantie disposed of 23,818 shares of TopBuild common stock on July 1, 2026, as part of QXO, Inc.'s merger with TopBuild. He elected the cash-and-stock consideration option, receiving approximately $249.71 in cash and 10.211 QXO shares per TopBuild share, for a total of zero remaining TopBuild shares. This transaction also included the immediate vesting of restricted stock awards prior to the merger's effective time.
QXO Completes Acquisition of TopBuild
QXO, Inc. announced the successful acquisition of TopBuild Corp. on July 1, 2026, positioning QXO as a leader in North American building product categories like insulation and waterproofing materials. The acquisition broadens QXO's product offerings, adds installation capabilities, and expands its presence in growing markets such as data centers. Alec Covington, TopBuild's former Chairman, has joined QXO's Board of Directors, replacing Jared Kushner.
Done deal: QXO acquires TopBuild
QXO, Inc. has successfully completed its $17 billion acquisition of TopBuild Corp., solidifying its leadership in various building product categories across North America, including insulation, roofing, and waterproofing. The deal is expected to generate at least $300 million in annual synergies by 2030 and to be highly accretive to earnings. Additionally, Alec Covington, former TopBuild chairman, has joined QXO’s Board of Directors.
TopBuild Corp. Financial Disclosures & Filings
This page provides a comprehensive list of TopBuild Corp.'s financial disclosures and regulatory filings, offering insights into company performance and strategy. It includes detailed records of earnings reports, annual general meetings, merger announcements, investor days, and other significant corporate events from 2022 through 2026. The documents offer details on sales figures, acquisition impacts, and future outlooks.
QXO and TopBuild Announce Stockholder Election Results for Merger Consideration
QXO, Inc. and TopBuild Corp. announced the results of TopBuild stockholders' elections regarding the merger consideration for QXO's acquisition of TopBuild. Approximately 91.0% of TopBuild stockholders elected to receive cash consideration, which due to proration, will result in a mix of cash and QXO common stock. The transaction is expected to close on or about July 1, 2026.
TopBuild Drops 7.8% After Evercore ISI Group Maintains In-Line
TopBuild Corp. shares fell 7.8% after Evercore ISI Group reduced its price target by 17.8%, from $438 to $360, while maintaining an In-Line rating. The significant price target cut reflects increased concerns about the insulation installer's near-term prospects and potential industry changes from merger and acquisition activity. Investors are advised to watch for further analyst actions and company commentary regarding market conditions.
QXO and TopBuild Corp. Stakeholders Approve Acquisition
Stockholders of QXO, Inc. and TopBuild Corp. have overwhelmingly approved the proposals necessary for QXO to acquire TopBuild. Approximately 99% of QXO shareholders voted in favor of issuing new shares for the transaction, while 78% of TopBuild shareholders approved the merger agreement. The acquisition is anticipated to close around July 1, 2026, subject to customary closing conditions.
QXO Announces the Expiration and Final Results of Cash Tender Offers and Consent Solicitations for Any and All of TopBuild Corp.’s 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034
QXO, Inc. announced the expiration and final results of its cash tender offers and consent solicitations for TopBuild Corp.'s 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034. The company accepted for purchase almost all outstanding notes, with the settlement date expected on July 1, 2026, contingent on QXO's acquisition of TopBuild. Necessary consents were obtained to amend the indentures, including eliminating the "Change of Control Offer" requirement and other restrictive covenants, and TopBuild issued conditional redemption notices for any remaining notes.
QXO Announces the Expiration and Final Results of Cash Tender Offers and Consent Solicitations for Any and All of TopBuild Corp.’s 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034
QXO, Inc. announced the expiration and final results of its cash tender offers and consent solicitations for TopBuild Corp.'s 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034. The company accepted for purchase notes representing approximately 99.54% and 99.75% of the outstanding 2032 and 2034 Notes, respectively. The Settlement Date for these offers is expected to be July 1, 2026, coinciding with the planned acquisition of TopBuild by QXO.
QXO And TopBuild Stockholders Overwhelmingly Approve QXO’s Acquisition Of TopBuild
Stockholders of QXO, Inc. and TopBuild Corp. have overwhelmingly approved QXO's acquisition of TopBuild. Approximately 99% of QXO shareholders voted in favor of issuing shares for the transaction, while about 78% of TopBuild shareholders approved the merger agreement. The acquisition is anticipated to close around July 1, 2026, subject to customary closing conditions.
Shareholders of QXO (NYSE: QXO) and TopBuild (NYSE: BLD) back merger
Both QXO (NYSE: QXO) and TopBuild (NYSE: BLD) shareholders have overwhelmingly approved the acquisition of TopBuild by QXO. TopBuild stockholders approved the merger agreement with approximately 78% of votes cast in favor, while QXO stockholders approved the issuance of shares for the transaction with roughly 99% of votes cast in favor. The transaction is anticipated to close around July 1, 2026, subject to customary closing conditions.
QXO, TopBuild Shareholders Approve $17B Deal
Shareholders of QXO and TopBuild have overwhelmingly approved QXO's $17 billion acquisition of TopBuild, clearing a major hurdle for the deal. The transaction is expected to close on or about July 1, positioning QXO to become one of North America's largest publicly traded building products distributors with over $18 billion in combined revenue. This acquisition follows QXO's previous purchases of Beacon and Kodiak Building Partners, further solidifying its presence in the building materials industry.
Stockholders approve QXO’s $17 billion TopBuild acquisition
Stockholders of QXO Inc. and TopBuild Corp. have approved QXO's $17 billion acquisition of TopBuild, marking a significant step toward closing the deal. The transaction is expected to finalize around July 1, 2026, and will combine QXO, a major distributor of roofing and building materials, with TopBuild, a leading insulation distributor and installer. This acquisition is part of QXO's strategy to consolidate the $800 billion building products distribution industry and achieve $50 billion in annual revenue.
QXO and TopBuild shareholders approve merger
Shareholders of QXO and TopBuild have approved all proposals necessary for their planned acquisition. Approximately 99% of QXO votes and 78% of TopBuild votes supported the transaction, which is expected to close around July 1, 2026, subject to customary closing conditions. This approval marks a critical step towards QXO's expansion strategy through strategic acquisitions.
TopBuild's Acquisition of QXO Receives Shareholder Approval
Shareholders of both TopBuild and QXO have approved all proposals for the acquisition, with significant backing from both sides. While QXO's stock saw a modest increase, TopBuild experienced a notable decline, reflecting investor concerns about merger integration and future profitability. The acquisition is expected to close around July 1, potentially reshaping TopBuild's market position within the construction industry.
QXO and TopBuild stockholders approve merger transaction By Investing.com
Stockholders of QXO, Inc. and TopBuild Corp. have approved all necessary proposals for QXO's acquisition of TopBuild. The transaction is expected to close around July 1, 2026, subject to customary closing conditions. This approval follows earlier financial maneuvers by QXO, including a $3 billion senior notes offering and tenders for TopBuild's notes, amid a stockholder lawsuit regarding disclosure sufficiency.
TopBuild (BLD) Shares Drop as Acquisition by QXO Gains Approval
TopBuild (BLD) shares dropped significantly after shareholders approved its acquisition by QXO (QXO), whose shares saw a rise. The merger, anticipated to finalize around July 1, received strong support from both companies' shareholders. Despite TopBuild's strong fundamentals and growth potential indicated by a GF Score™ of 94/100, the stock's decline and insider selling activity present a complex scenario for investors.
TopBuild (BLD) Plunges 11.9% to $374.88
TopBuild Corp. (BLD) shares plunged 11.9% to $374.88 on Monday, June 29, 2026, as the engineering and construction company was affected by a broader market selloff. The decline, which wiped out substantial shareholder value, was driven by macro factors rather than company-specific fundamentals, as reported in a Benzinga article flagging pre-market weakness across several major stocks. Investors are advised to monitor for regulatory clarity and whether the stock stabilizes or if the weakness expands to other construction-related companies.
Price to earnings forward of TopBuild Corp. – NYSE:BLD
This article provides the "Price to earnings forward" value for TopBuild Corp. (NYSE: BLD). It specifies that this financial metric is current and presents it within the context of TradingView's financial data offerings for the company.
Price to sales forward of TopBuild Corp. – NYSE:BLD
This article provides financial data for TopBuild Corp. (NYSE: BLD), specifically focusing on its forward price-to-sales ratio. It lists market information and financial overviews for the company, indicating it was made by humans.
TopBuild Corp. Actuals & Estimates (SWB:28T)
This article provides key financial data and analyst estimates for TopBuild Corp. (SWB:28T), including its stock ticker, future price forecasts with a max estimate of 443.66 EUR and a min of 383.92 EUR, and historical stock prices. It details recent earnings and revenue figures, upcoming earnings dates, and confirms the company does not pay dividends.
TopBuild (BLD) Moves Ahead With QXO Merger As Lawsuit And Debt Changes Loom
TopBuild (BLD) is proceeding with its merger with QXO despite a stockholder lawsuit challenging proxy disclosures and significant amendments to its senior debt terms for financing. These developments introduce new governance and capital structure considerations for investors beyond earlier valuation discussions. The article highlights that the stock currently trades below analyst targets and is near its estimated fair value, with slight positive short-term momentum.
Discipline and Rules-Based Execution in BLD Response
This article analyzes Topbuild Corp. (NYSE: BLD), highlighting a weak near-term sentiment that could lead to bearish positioning. It details exceptional risk-reward short setups and provides three distinct AI-generated trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—tailored for different risk profiles and holding periods, along with multi-timeframe signal analysis.
Tranche Update on TopBuild Corp.'s Equity Buyback Plan announced on February 25, 2025.
TopBuild Corp. repurchased no shares for $0 million between January 1, 2026, and March 31, 2026, as part of an equity buyback plan announced on February 25, 2025. This brings the total repurchased shares to 766,472, representing 2.69% of equity, for $246.1 million under the plan. The update highlights the company's progress on its previously announced share repurchase program.
The TruTeam insulation services from TopBuild Corp. - quiet upgrades for U.S. homes
TruTeam, TopBuild Corp.'s installation brand, offers professional insulation services for new builds and retrofits across the U.S., focusing on energy efficiency and noise control using fiberglass and spray foam. The service helps builders meet energy codes, streamlines logistics, and provides diverse insulation options, appealing to homeowners seeking increased comfort and lower utility bills. Investors track TruTeam's performance as an indicator of U.S. residential construction demand and the impact of tightening energy standards.
TopBuild Corp (BLD) Earnings Forecast: Future EPS & Revenue Growth Estimates
TopBuild Corp (BLD) has an earnings forecast score of 7.08, placing it 33rd out of 42 in the Construction & Engineering industry. The average analyst price target for BLD is $486.00, with a high of $533.00 and a low of $390.00, suggesting a 12.08% upside. Analysts largely rate TopBuild Corp as a "Buy" based on their evaluations.
Form 8K Topbuild Corp For: 22 June By Investing.com
This article reports that Topbuild Corp (BLD) filed a Form 8K on June 22. It mentions a 1.20% share price increase for BLD. The content provided is minimal and mainly serves as an announcement for the SEC filing.
QXO files supplemental disclosures following stockholder lawsuit over TopBuild merger
QXO, Inc. has filed supplemental disclosures regarding its merger with TopBuild Corp. after a stockholder lawsuit and demand letters alleged insufficient information in the joint proxy statement. The complaint claims QXO's board breached fiduciary duties by not disclosing all material information for an informed decision. While denying the allegations, QXO and TopBuild made voluntary disclosures, including financial advisory fees paid to Morgan Stanley, to avoid delays and litigation costs, with QXO's board continuing to recommend the merger.
TopBuild shareholders face Delaware suit as companies supplement proxy ahead of June 29 merger votes
TopBuild shareholders are facing a Delaware lawsuit challenging disclosures related to an upcoming merger, despite the company and QXO denying allegations. The companies have supplemented their joint proxy ahead of the June 29 merger votes to avoid delays and distractions. TopBuild's board continues to unanimously recommend voting for the merger.
TopBuild (BLD) supplements proxy after QXO lawsuit; Morgan Stanley fees disclosed
TopBuild Corp. (BLD) filed an 8-K to supplement its joint proxy statement/prospectus for the proposed merger with QXO, Inc., following a stockholder complaint and demand letters challenging disclosure deficiencies. The supplement, which reiterates the board's recommendation to vote "FOR" the merger, provides additional details regarding Morgan Stanley's advisory and financing fees, totaling $85-$110 million received over two years and an estimated $19-$21 million for future services related to the transaction. This action aims to prevent delays or distractions related to the litigation, despite both companies denying any legal necessity for such disclosures.
[8-K] TopBuild Corp Reports Material Event
TopBuild Corp. filed an 8-K report regarding a material event as a voluntary amendment and supplement to its Joint Proxy Statement/Prospectus concerning its proposed acquisition by QXO, Inc. The filing addresses a lawsuit alleging inadequate disclosure of material information to QXO stockholders and similar demand letters, though both companies deny any deficiencies. Despite the legal challenges, TopBuild's board unanimously recommends that stockholders vote in favor of the merger proposals.
QXO, Inc. (QXO) Secures Over 99% Early Tender Participation For TopBuild Notes
QXO, Inc. (NYSE:QXO) has secured over 99% early tender participation for TopBuild's 2032 and 2034 senior notes, demonstrating strong bondholder support for its acquisition of TopBuild Corp. This high participation allows QXO to eliminate "change of control" requirements and restrictive covenants from TopBuild's indentures. The tender offers are expected to be extended to align with the completion of the acquisition.
Why TopBuild’s Installed Building Products package matters for home comfort
TopBuild's Installed Building Products package offers a bundled insulation service designed to improve home comfort by reducing noise, lowering energy bills, and ensuring a cleaner installation process. This package, which includes materials, assessment, and installation, streamlines the process for homeowners and small builders. The company, trading on the NYSE under BLD, positions these services as a key part of its strategy in the U.S. residential construction and energy-efficiency markets.
TopBuild Corp (BLD) Institutional Confidence
TopBuild Corp (BLD) has an institutional shareholding score of 10.00, placing it first in the Construction & Engineering industry. Institutional ownership stands at 110.27%, a slight decrease of 3.02% quarter-over-quarter. ETHSX is the largest institutional holder with 338.93K shares, representing 1.44% of outstanding shares.
Why TopBuild’s Installation and Distribution services are drawing steady demand
TopBuild's Installation and Distribution services, operating under the TruTeam and Service Partners brands, are crucial for US construction projects by providing insulation and building materials. The company's national footprint and diverse insulation offerings help maintain efficiency and meet demand, leveraging energy-efficiency regulations for growth in both new builds and renovation projects. While scale offers advantages, potential frustrations include limited local flexibility and vulnerability to upstream supply shocks.
TopBuild Corp (BLD) Revenue Breakdown: Business Segments, Regional Revenue & Profit Contribution
This article provides a revenue breakdown for TopBuild Corp (BLD) as of April 6, covering its business segments. Key segments include Insulation And Accessories, All Other Products, Rain Gutters, Glass And Windows, and Roofing, with Insulation And Accessories contributing the vast majority of revenue. The report notes that regional revenue data has not yet been disclosed by the company.
TopBuild Corp (BLD) Dividends & Stock Splits: Historical Payouts and Event Timeline
This article provides historical dividend and stock split information for TopBuild Corp (BLD). It notes that a total of $0.00 has been distributed in dividends over the past five years and indicates no data is available for specific dividend or stock split events. The piece also includes current stock price data and key financial metrics for TopBuild Corp.
TopBuild announces blackout period for 401(k) plan participants amid acquisition By Investing.com
TopBuild Corp. announced a temporary blackout period for its 401(k) plan participants due to its acquisition by QXO, Inc., as required by SEC rules. The blackout will last over three business days, during which certain trading prohibitions will apply to directors and officers. Inquiries regarding the blackout dates can be made to TopBuild before the acquisition closes and to QXO afterward.
TopBuild (NYSE: BLD) sets 401(k) trading blackout ahead of planned QXO merger
TopBuild Corp. is implementing a temporary 401(k) trading blackout in anticipation of its merger with QXO, Inc. This blackout, mandated by SEC and ERISA rules for reconciliation purposes, will restrict participants from trading, transferring, or receiving distributions involving the TopBuild Stock Fund between June 24, 2026, and the week ending July 18, 2026. Additionally, directors and executive officers will face restrictions on trading TopBuild equity securities during the pre-merger blackout period, which ends July 1, 2026.
TopBuild announces blackout period for 401(k) plan participants amid acquisition
TopBuild Corp. (NYSE:BLD) has announced a temporary blackout period for its 401(k) plan participants due to its pending acquisition by QXO, Inc. This blackout, lasting more than three business days, is in compliance with SEC regulations regarding the merger. The company also informed its directors and executive officers about related trading prohibitions during this time.
Citi Surprised At QXO’s Decision To Acquire TopBuild, But Believes Deal Is Positive – How Much Upside Does It See In The Stock?
Citi expressed surprise at QXO's $17 billion acquisition of TopBuild, having anticipated smaller targets. Despite the initial surprise, Citi views the deal positively due to scale benefits, cross-sell opportunities, and business quality, maintaining a 'Buy' rating with a $31 price target, implying a 24% upside. The transaction, expected to be immediately accretive and generate $300 million in synergies, will make QXO one of North America's largest building products distributors.
