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Topbuild Corp stock (market cap: $12.7B) reached a new 52-week high, hitting 456.25 USD, marking a significant milestone for the company. According to InvestingPro data, the stock currently trades at a P/E ratio of 22.17, with analyst price targets ranging from $390 to $516. Over the past year, the stock has shown remarkable momentum, delivering a impressive 43.85% return in just the last six months. This upward trend reflects investor confidence and positive market sentiment surrounding Topbuild Corp’s performance and future prospects, supported by the company’s GREAT financial health score from InvestingPro. The company’s ability to reach this new high underscores its resilience and growth potential in a competitive market environment. Discover 13 additional exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report, helping investors make informed decisions about Topbuild Corp’s market position.
In other recent news, TopBuild Corp has completed the acquisition of Specialty Products and Insulation (SPI) for $1 billion in an all-cash transaction. This strategic move is aimed at bolstering TopBuild’s position in the specialty distribution sector and expanding its reach in commercial and industrial markets. The acquisition was finalized on October 7, 2025, and was funded with cash on hand, including proceeds from a senior notes issuance in September. SPI, headquartered in Charlotte, North Carolina, reported approximately $700 million in revenue and $75 million in EBITDA for the twelve months ending June 30, 2025.
Following the acquisition, several analyst firms adjusted their outlooks on TopBuild. DA Davidson reiterated its Buy rating with a price target of $465, while Truist Securities raised its price target from $370 to $390, maintaining a Hold rating. Evercore ISI also increased its price target to $449 from $424, keeping an "In Line" rating. These changes highlight the positive reception of the acquisition, despite the deal’s initially lower margins. The acquisition does not include SPI’s metal building insulation business.
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