BLD TopBuild Corp

MIXED Impact: 1/10 ANALYST-DOWNGRADE
Processed 1mo ago SEC analyst-BLD-jpmorgan-20260421
JP Morgan double downgrade: Overweight → Neutral
Latest settled — T+20d ⚠ clustered
BLD ▼ -13.54% at T+20d
NEUTRAL call ✗ call lost -13.54% · α vs SPY -18.46% · entry $469.92 → $406.29
Next anchor: T+60d in 6w
Currently $401.82 · -14.49% from $469.92 entry
Entry anchored
Apr 21, 12:44 PM ET
via Databento tick
T+1d
-3.64%
call -3.64% · α -4.66%
$452.82
settled 6w ago
T+5d
-7.40%
call -7.40% · α -8.48%
$435.15
settled 6w ago
T+20d
-13.54%
call -13.54% · α -18.46%
$406.29
settled 18d ago
T+60d
call — · α —
in 6w

Price Chart

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Executive Summary

JP Morgan initiated a double downgrade from Overweight to Neutral with a new price target of $496, up slightly from $487, implying 21% upside from the current $410.31. The firm has a 55% accuracy rate (3,163/5,703 calls) and average return of 5.6%, below top-tier peers like Loop Capital (67%, +16.7%) and Stephens & Co. (67%, +18.8%). Consensus remains bullish: 14 analysts, mean PT $474.79, median $485.50. Recent analyst activity shows 2 downgrades, 0 upgrades. EPS estimates are trending down: 30-day revisions show 1 up, 3 down for current year. Institutional inflows include $193M and $116M adds from Morgan Stanley; Norges Bank exited. No earnings date is scheduled within 30 days. Sentiment is mixed due to downgrade from a mid-tier firm against a bullish consensus and rising institutional accumulation.

Impact Score

Base Score
1/7
LLM Adjustment
-1
Final Score
1/10

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-21 JP Morgan downgrade Neutral $496.00
2026-04-20 DA Davidson maintain Buy $465.00
2026-04-13 Evercore ISI Group maintain In-Line $407.00
2026-04-08 Wells Fargo maintain Overweight $475.00
2026-04-07 Seaport Global downgrade Neutral
2026-03-18 DA Davidson maintain Buy
2026-02-27 RBC Capital maintain Sector Perform $433.00
2026-02-27 Wells Fargo maintain Overweight $525.00
2026-02-27 Benchmark maintain Buy $500.00
2026-02-27 Evercore ISI Group maintain In-Line $471.00

In the past 30 days, there have been 2 downgrades and 0 upgrades. EPS revisions are negative: for the current year, 1 revision up and 3 down over 30 days; current EPS estimate is $18.28, down from $18.55 a month ago. Forward +1y EPS has declined from $21.47 to $21.08 over 30 days with 4 downward revisions.

Firm Track Record — JP Morgan

JP Morgan accuracy: 55% on 5703 calls | avg return: 5.6%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 9 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Seaport Global 100% 2/2 -7% top tier
Loop Capital 67% 2/3 16.7% top tier
Stephens & Co. 67% 2/3 18.8% top tier
Evercore ISI Group 60% 6/10 -1.6% above average
Benchmark 50% 2/4 3.3% below average
Goldman Sachs 50% 1/2 -1.4% below average
Truist Securities 50% 2/4 1.4% below average
DA Davidson 40% 2/5 7.7% below average
Jefferies 0% 0/3 -13.5% below average

JP Morgan has a 55% accuracy rate (3,163 correct out of 5,703 rated calls) and average return of 5.6% on rated stocks. This is below top performers: Loop Capital (67%, +16.7%), Stephens & Co. (67%, +18.8%), and Seaport Global (100%, -7%). It outperforms low-accuracy firms like Jefferies (0%, -13.5%). JP Morgan ranks mid-tier among covering firms.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0q $3.64 $3.50 — $3.88 $1.4B ↑1 ↓0
0y $18.28 $17.54 — $18.94 $6.1B ↑1 ↓0
+1q $4.79 $4.35 — $5.06 $1.5B ↑1 ↓0
+1y $21.08 $18.69 — $22.98 $6.3B ↑0 ↓0

Cross-Platform Signals

Institutional
MORGAN STANLEY — add (55.5%)
Institutional
NORGES BANK — new
Institutional
MORGAN STANLEY — add (33.8%)

Institutional activity shows divergence: Morgan Stanley added $309.5M in two positions and UBS added $96.5M, signaling accumulation. However, Norges Bank fully exited a prior $104.9M stake. No insider trades or congressional activity reported. Short interest data is unavailable. Institutional inflows contradict the analyst downgrade signal.

Actionable Insight

The downgrade from a mid-tier firm conflicts with strong institutional buying and a still-bullish consensus. Traders should monitor for earnings catalysts or further institutional divergence; no immediate action warranted.

Documents Analyzed

Report based on filing metadata.

26 reports for BLD
Performance horizon
55% Hit rate 6 of 11 directional calls best @ T+20▲ +22.72%Apr 7, 2026
Filters
Rows
Reports for BLD — sortable, filterable
Type Now
Jun 5, 2026
today
ANALYST-DOWNGRADE
BEARISH ★ 4/10
$438.93 $408.84▲ +6.86%▲ +8.03%$401.82 (+8.45%)
Jun 5, 2026
today
ANALYST-DOWNGRADE
BEARISH ★ 3/10
$438.93 $408.84▲ +6.86%▲ +8.03%$401.82 (+8.45%)
Jun 4, 2026
1d ago
425
NEUTRAL ★ 4/10
awaiting T+5
Jun 4, 2026
1d ago
8-K
NEUTRAL ★ 4/10
awaiting T+5
May 29, 2026
7d ago
DEFM14A
BULLISH ★ 7/10
awaiting T+5
May 21, 2026
15d ago
ANALYST-DOWNGRADE
MIXED ★ 3/10
$469.92 $435.15▼ −7.40%▼ −8.48%$401.82 (−14.49%)
May 16, 2026
20d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$404.33 $443.31▲ +9.64%▲ +7.72%$401.82 (−0.62%)
May 11, 2026
25d ago
425
BULLISH ★ 8/10
$424.63 $406.29▼ −4.32%▼ −4.23%$401.82 (−5.37%)
May 6, 2026
4w ago
ANALYST-DOWNGRADE
BEARISH ★ 5/10
$438.93 $416.79▲ +5.04%▲ +6.17%$401.82 (+8.45%)
May 6, 2026
4w ago
ANALYST-DOWNGRADE
BEARISH ★ 2/10
$438.93 $416.79▲ +5.04%▲ +6.17%$401.82 (+8.45%)
Showing 10 of 26

US Market Status

Market Closed — Opens Mon (36h 44m)

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