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.
An announcement from TopBuild ( (BLD) ) is now available.
On July 8, 2025, TopBuild Corp. announced its agreement to acquire Progressive Roofing for $810 million in cash. This acquisition aligns with TopBuild’s core strengths and expands its building envelope installation solutions to include a comprehensive suite of commercial roofing services. The transaction is expected to be immediately accretive to adjusted earnings per share and will enable TopBuild to tap into the $75 billion commercial roofing services industry, which is largely non-discretionary and highly fragmented. Progressive Roofing, a leader in commercial roofing installation services, generated $438 million in revenue and $89 million in EBITDA for the trailing 12 months ended March 31, 2025. The acquisition is anticipated to enhance TopBuild’s growth potential both organically and through future mergers and acquisitions, providing a scalable platform for growth in the commercial roofing sector.
The most recent analyst rating on (BLD) stock is a Buy with a $445.00 price target. To see the full list of analyst forecasts on TopBuild stock, see the BLD Stock Forecast page.
Spark’s Take on BLD Stock
According to Spark, TipRanks’ AI Analyst, BLD is a Outperform.
TopBuild’s strong financial performance and strategic corporate events are the primary drivers of its solid stock score. While technical indicators and earnings call insights present mixed signals, the company’s stable financial health and enhanced liquidity position suggest a positive outlook.
To see Spark’s full report on BLD stock, click here.
More about TopBuild
TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. The company provides insulation installation services nationwide and distributes building and mechanical insulation, insulation accessories, and other building product materials for residential, commercial, and industrial end markets.
Average Trading Volume: 360,803
Technical Sentiment Signal: Buy
Current Market Cap: $9.82B
Learn more about BLD stock on TipRanks’ Stock Analysis page.