BLD TopBuild Corp

BULLISH Impact: 4/10 ANALYST-UPGRADE
Processed 20d 6h ago SEC analyst-BLD-seaportg-20250806
7 firms acted on BLD: Seaport Global, RBC Capital, Wells Fargo, Seaport Global, Deutsche Bank, Evercore ISI Group, Seaport Global
Final — all horizons settled through T+60d
BLD ▲ +4.11% at T+60d
LONG call ✓ call won +4.11% · α vs SPY -3.35% · entry $404.33 → $420.96
Currently $401.82 · -0.62% from $404.33 entry
Entry anchored
Aug 5, 03:59 PM ET
via Databento tick
T+1d
+2.19%
call +2.19% · α +2.26%
$413.17
settled 10mo ago
T+5d
+9.64%
call +9.64% · α +7.72%
$443.31
settled 10mo ago
T+20d
+6.21%
call +6.21% · α +3.63%
$429.42
settled 9mo ago
T+60d
+4.11%
call +4.11% · α -3.35%
$420.96
settled 7mo ago

Price Chart

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Executive Summary

Seaport Global upgraded TopBuild Corp (BLD) from Neutral to Buy on August 6, 2025, setting a $450 price target (+8% upside). This is a contrarian call: BLD has seen 3 downgrades in the past 30 days from Loop Capital, DA Davidson, and JP Morgan, and 7 firms acted on the stock in a cluster. Seaport Global's accuracy on BLD is 100% (2/2 calls), making this a high-conviction signal from a top-tier firm. Consensus is split: 10 Buy, 7 Hold, 0 Sell, with a mean target of $475.30 (+14% upside). Seaport's $450 target is below the mean and median ($490.50), reflecting a more conservative view. EPS revisions are mixed: +1y estimates have 3 up and 4 down in 30 days, with the current EPS ($20.98) slightly below 30 days ago ($21.24). Institutional activity is bullish: Morgan Stanley added 55.5% and 33.8% to its positions, and UBS added 51.9%, while Norges Bank exited. No insider trades or congressional trades are reported. The bottom line: Seaport's upgrade is a strong bullish signal from a firm with a perfect track record on BLD, but the broader analyst community is turning cautious — traders should watch for confirmation from earnings or further upgrades.

Impact Score

Base Score
1/7
LLM Adjustment
+3
Final Score
4/10

Consensus & Targets

Buy / Strong Buy
10 (59%)
Hold
7
Sell / Strong Sell
0
Total Analysts
10
Mean PT
$475.30
Median PT
$490.50
High PT
$520.00
Low PT
$433.00
Current Price
$416.79
Implied Upside
+14%

Consensus is 10 Buy (3 Strong Buy, 7 Buy), 7 Hold, 0 Sell — a net bullish tilt but with significant hold-side skepticism. 17 analysts cover BLD. The direction is mixed: recent downgrades from Loop Capital, DA Davidson, and JP Morgan contrast with Seaport's upgrade.

Current price: $416.79. Mean target: $475.30 (+14% upside). Median: $490.50. High: $520. Low: $433. Seaport's $450 target is below the mean and median, implying a more conservative upside of +8% vs the consensus +14%. The target range is wide ($433–$520), indicating disagreement among analysts.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-05-06 Loop Capital downgrade Hold $485.00
2026-05-06 DA Davidson downgrade Neutral $437.00
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

30-day analyst activity: 0 upgrades, 3 downgrades (Loop Capital, DA Davidson, JP Morgan). EPS revisions are mixed: +1y estimates have 3 up and 4 down in 30 days; current quarter (0q) has 3 up and 5 down. The 30-day EPS trend is slightly negative (current $20.98 vs $21.24 30 days ago). Estimates are being revised lower overall.

Firm Track Record — Seaport Global

Seaport Global accuracy: 51% on 239 calls | avg return: 1.5%

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

Seaport Global has a 100% accuracy on BLD (2/2 calls) with an average return of -7% — the negative return suggests their calls were timed poorly despite correct direction. Among firms covering BLD, Loop Capital (67% on 3 calls, +16.7% avg return) and Stephens & Co. (67% on 3 calls, +18.8% avg return) are top performers. Jefferies has the worst record (0% on 3 calls, -13.5% avg return). Seaport's track record is top-tier by accuracy but below average by return.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1y $20.98 $18.69 — $23.51 $6.3B ↑4 ↓0
0q $4.80 $4.65 — $5.06 $1.5B ↑4 ↓0
+1q $5.14 $4.58 — $5.48 $1.6B ↑5 ↓0
0y $18.20 $17.07 — $19.34 $6.1B ↑3 ↓0

Cross-Platform Signals

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

No insider trades or congressional trades reported. Institutional activity is bullish: Morgan Stanley added 55.5% and 33.8% to positions, UBS added 51.9%, and Norges Bank exited. No short interest data available. The institutional buying converges with Seaport's upgrade, while the analyst downgrades diverge — creating a mixed cross-platform signal.

Actionable Insight

Seaport's upgrade is a high-conviction contrarian call from a firm with a perfect BLD track record, but the broader analyst community is turning cautious. Traders should treat this as a tactical buy signal, but wait for earnings confirmation or further upgrades before adding full position size.

Documents Analyzed

Report based on filing metadata.

26 reports for BLD
Performance horizon
50% Hit rate 5 of 10 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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