16 stories mentioning BLD
Every FINWIRES story that references BLD, newest first.
TopBuild (BLD) has an average rating of overweight and mean price target of $473, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $438.83, Change: $+10.05, Percent Change: +2.34%
TopBuild (BLD) has an average rating of overweight and mean price target of $473, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
TopBuild (BLD) has an average rating of overweight and mean price target of $473, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
QXO's (QXO) planned acquisition of TopBuild (BLD) for about $17 billion is incrementally positive and expected to be accretive, positioning the company as the leading distributor and installer of insulation and related building products in North America, Oppenheimer said in a Monday note.The addition of TopBuild brings a premium asset with industry-leading margins and strong free cash flow conversion. The deal is expected to accelerate QXO's platform through pricing power, cross-selling opportunities, and the ability to leverage customer value chains and vendor relationships, the firm said.Oppenheimer said it has built a pro-forma model combining QXO and TopBuild from 2024 through 2030, with 2030 estimates for revenue, adjusted EBITDA, and free cash flow of $35 billion, $5.5 billion, and $3.7 billion, respectively, all significantly above prior estimates.The firm said the transaction is accretive on both earnings and free cash flow per share through 2030, adding that it expects lower near-term "reported" estimates for QXO from Q1 to Q3 due to challenging macro conditions.Oppenheimer has an outperform rating on QXO and increased the company's price target to $32 from $30.Price: $20.70, Change: $-0.27, Percent Change: -1.29%
TopBuild (BLD) has an average rating of overweight and mean price target of $478.91, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The Nasdaq Composite and the S&P 500 fell from record highs, while oil prices climbed as traders tracked an apparent re-escalation in the Middle East conflict.The Nasdaq dropped 0.3% to 24,404.4 after a 13-day winning streak that propelled the index to fresh peaks. The S&P 500 declined 0.2% to 7,109.1. The Dow Jones Industrial Average was little changed at 49,442.6.Six of the 11 sectors were in the green, led by materials, while communication services saw the steepest drop.West Texas Intermediate crude oil was last up 5.6% at $88.58 per barrel, while Brent advanced 5.1% to $94.98.Iran took back control of the Strait of Hormuz on Saturday after opening the waterway to commercial vessels on Friday. The US and Iran have accused each other of violating a two-week ceasefire announced April 7.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending its negotiating team to Pakistan for a second round of peace talks, and while Iran has publicly said it doesn't plan to participate, Bloomberg News reported that Iran will be sending its delegation to Islamabad.The ceasefire with Iran ends "Wednesday evening Washington time," Trump told Bloomberg News. He said it's "highly unlikely" he would extend the two-week truce.The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.US Treasury yields were mixed, with the 10-year rate little changed at 4.26% and the two-year rate rising 1.7 basis point to 3.73%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares fell 3.1%, while TopBuild surged 19%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.4%.Gold was last down 1% at $4,832.10 per troy ounce, while silver dropped 2.5% to $79.81 per ounce.
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, Caesars Entertainment (CZR) extended the exclusive-talks period regarding an $18 billion takeover by Tilman Fertitta, the owner of the Golden Nugget casino chain, Bloomberg reported. Fertitta has been in talks to buy Caesars for about $32 a share, the report said. Caesars shares rose 1.5%.QXO (QXO) has agreed to buy insulation products firm TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio. QXO shares fell 3%, and TopBuild jumped past 19%.Brown-Forman (BF.A) is said to favor a potential sale to Pernod Ricard over another proposal from Sazerac, Bloomberg reported. Brown-Forman shares were up 0.3%.JetBlue Airways (JBLU) CEO Joanna Geraghty told employees that the airline isn't considering bankruptcy filing this year, Bloomberg reported. JetBlue shares were down 2.1%.
US benchmark equity indexes were lower intraday, while oil prices rebounded sharply amid continued uncertainty around the Middle East conflict.The Nasdaq Composite was down 0.5% at 24,340.9 after midday Monday, while the S&P 500 fell 0.4% to 7,100.7. Both indexes closed at new record-highs in the previous session. The Dow Jones Industrial Average lost 0.2% to 49,374.1 intraday Monday.Among sectors, communication services saw the biggest drop, while energy paced the gainers.West Texas Intermediate crude oil was up 6% at $88.90 per barrel, while Brent rose 5.5% to $95.32.On Friday, oil prices plunged as Iran declared that the Strait of Hormuz was open, a key US demand. Tehran, however, took back control of the waterway Saturday. Both sides have accused each other of violating a two-week ceasefire that is due to expire soon.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending negotiators to Pakistan for a second round of peace talks, but Iran said it doesn't plan to participate in those negotiations.The ceasefire with Iran ends "Wednesday evening Washington time," CNN reported, citing Trump, who said it's "highly unlikely" he would extend it if the parties are unable to reach a deal before then.US Treasury yields were higher intraday, with the 10-year rate up one basis point at 4.25% and the two-year rate rising 2.1 basis point to 3.72%.In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares were down 5.8% intraday Monday, while TopBuild surged 18%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.5%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).Gold was down 1% at $4,829.40 per troy ounce, while silver dropped 2.1% to $80.16 per ounce.
Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%.In sector news, the US Department of Justice's Antitrust Division is criminally investigating large meatpacking companies after President Donald Trump in November accused the firms of manipulating prices, The Wall Street Journal reported.In corporate news, QXO (QXO) has agreed to buy insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio. QXO shares fell 5.2%, and TopBuild jumped past 17%.Brown-Forman (BF.A) is said to favor a potential sale to Pernod Ricard over another proposal from Sazerac, Bloomberg reported. Brown-Forman shares were down 0.8%.Rivian Automotive's (RIVN) factory in central Illinois was damaged by a tornado over the weekend, CNBC reported, citing an internal message from CEO RJ Scaringe to employees Sunday night. Rivian shares fell 1.8%.
Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%.In corporate news, QXO (QXO) has agreed to buy insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio. QXO shares fell 5.3%, and TopBuild jumped past 17%.
All three major US stock indexes fell in late-morning trading Monday as tensions between the US and Iran escalated over the weekend.In company news, QXO (QXO) agreed to acquire TopBuild (BLD) for $17 billion. TopBuild shareholders can elect $505 a share in cash or 20.2 QXO common shares for each TopBuild share they own, subject to a cap that limits cash to 45% of the total consideration. The deal is expected to close in Q3. QXO shares fell 7.2% around midday, and TopBuild rose 17%.Eli Lilly (LLY) agreed to acquire Kelonia Therapeutics for up to $7 billion in cash, including an upfront payment of $3.25 billion and subsequent payouts based on certain clinical, regulatory and commercial milestones. The deal is expected to close in H2. Eli Lilly shares rose 0.2%.Alphabet's (GOOG, GOOGL) Google is in talks with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported Sunday, citing two people with knowledge of the discussions. Alphabet shares fell 0.9%, and Marvell rose 4.1%.American Airlines Group (AAL) said late Friday it was not engaged with or interested in talks about a merger with United Airlines Holdings (UAL). American shares fell 4.4%, and United dropped 2.3%.Brady (BRC) agreed to acquire Honeywell International's (HON) productivity solutions and services business for $1.4 billion in cash. Brady shares eased 0.1%, and Honeywell fell 1.2%.Price: $23.19, Change: $-1.81, Percent Change: -7.24%
QXO's (QXO) acquisition of TopBuild (BLD) for about $17 billion represents a "huge step forward", reflecting the deal's scale, margin profile and long-term growth potential, Oppenheimer said in a Monday note.The transaction is expected to be immediately and substantially accretive to earnings. This is supported by TopBuild's roughly 18% adjusted earnings before interest, taxes, depreciation, and amortization margins and an estimated $300 million in synergies by 2030.The acquisition would expand QXO's addressable market from roughly $200 billion to over $300 billion. It would also strengthen its position in insulation distribution and installation across North America, the report added.Oppenheimer said the combined company is expected to generate more than $18 billion in revenue and over $2 billion in adjusted EBITDA following the deal's expected close in Q3. This outlook is supported by its margin profile and TopBuild's 2030 outlook for long-term value creation.The firm maintained its outperform rating on the stock.Shares of QXO were down more than 8% in Monday trading.Price: $22.94, Change: $-2.06, Percent Change: -8.24%
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% lower in Monday's premarket activity as rising oil prices tied to renewed Middle East tensions weigh on sentiment.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures retreating 0.4% before the start of regular trading.No economic releases are on Monday's schedule.In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.8% lower, Ether ETF (EETH) fell by 4.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.7%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.2%, while the Vanguard Industrials Index Fund (VIS) fell 1.6% and the iShares US Industrials ETF (IYJ) was inactive.TopBuild (BLD) stock was up more than 2% before the opening bell, while QXO (QXO) shares declined by 2% after QXO agreed to acquire TopBuild for $505 per share in a deal valued at about $17 billion.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, and the iShares US Technology ETF (IYW) was 0.3% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 0.1% lower, while the iShares Semiconductor ETF (SOXX) decreased by 0.2%.AST SpaceMobile (ASTS) shares were down more than 12% in Monday's premarket activity after the company said Sunday the BlueBird 7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission and will be de-orbited.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.3%, the Vanguard Health Care Index Fund (VHT) retreated 0.4%, while the iShares US Healthcare ETF (IYH) gained 0.1%. The iShares Biotechnology ETF (IBB) was down 0.6%.AstraZeneca (AZN) stock was down more than 2% premarket, after a 2.2% gain at Friday's close. The company said Monday its pivotal phase 3 study of tozorakimab demonstrated a "significant" reduction in the annual rate of moderate-to-severe COPD exacerbations in trial participants.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% higher.Bank of Hawaii (BOH) shares were down more than 2% pre-bell after the company reported lower-than-expected Q1 earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1.1%. The iShares US Consumer Staples ETF (IYK) rose 2.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated by 0.5%.Toyota Motor (TM) shares were down more than 1% pre-bell, after closing Friday with a 2% rise. Reuters reported Monday that Toyota Tsusho and Indonesian state energy firm Pertamina's renewable energy unit are in talks over a potential $200 million to $300 million joint investment for a bioethanol production facility in Indonesia's Lampung province.EnergyThe iShares US Energy ETF (IYE) was 1.3% higher, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.1%.Eni (E) stock was up more than 1% before the opening bell after the company said it made a gas discovery in the Kutei Basin off the coast of Indonesia.CommoditiesFront-month US West Texas Intermediate crude oil rose by 5.6% to $88.52 per barrel on the New York Mercantile Exchange. Natural gas advanced by 2.1% to $2.73 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 4.9%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for May were down by 1% at $4,830.50 an ounce on the Comex. Silver futures retreated by 2.4% to $80.47 an ounce. SPDR Gold Shares (GLD) was 0.9% lower, and the iShares Silver Trust (SLV) fell by 2%.
Theriva Biologics (TOVX) shares were up 94% in Monday premarket activity, adding to Friday's gain.Compass Pathways (CMPS) stock was 25% higher after the company said over the weekend it commended the White House executive order to accelerate research and access for psychedelic treatments.TopBuild (BLD) shares were up 19%, a day after QXO (QXO) said it agreed to acquire TopBuild for $505 per share in a deal valued at about $17 billion.Marvell Technology (MRVL) stock was 6.3% higher after The Information reported Sunday that Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell to develop two new processors optimized for artificial intelligence inference tasks.Eni (E) shares were up 2% after the company said it has made gas discovery in the Kutei Basin off the coast of Indonesia.
The benchmark US stock measures were tracking in the red before the opening bell Monday amid renewed tensions between the US and Iran, while investors prepare for a busy week of corporate earnings.The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.5% each in premarket activity. The indexes finished Friday's trading session higher, with the Nasdaq achieving its longest winning streak since 1992.In a social media post on Sunday, President Donald Trump said the US navy intercepted and seized an Iranian-flagged cargo ship in the Gulf of Oman. The US Central Command confirmed in a statement that its forces disabled the Iranian vessel following its attempts to sail toward an Iranian port.Last week, the US enforced a blockade of all maritime traffic entering and exiting Iranian ports after peace talks between Washington and Tehran in Pakistan failed to materialize a conclusive deal.In a separate post on social media, Trump said Iran violated its ceasefire agreement with the US by firing bullets at a French ship and a British freighter in the crucial Strait of Hormuz. Trump urged Iran to accept a "very fair and reasonable deal" offered by the US."If they don't, the United States is going to knock out every single power plant, and every single bridge, in Iran," Trump wrote.Iran on Sunday denied it would participate in a fresh round of negotiations with the US in Pakistan this week, CNBC reported, citing Tehran's state news agency. Trump said his representatives will be in Pakistan on Monday for talks.Over the weekend, Iran reversed its earlier decision to reopen the Strait of Hormuz for all commercial vessels, citing Trump's decision to keep the blockade of Iranian ports.West Texas Intermediate crude oil increased 5.9% to $88.76 a barrel in recent premarket action, while Brent rose 6% to $87.48.Treasury yields were trending upwards before the open, with the two-year rate inclining 2.7 basis points to 3.73% and the 10-year rate adding 2.2 basis points to 4.27%.Several major companies are scheduled to release their latest quarterly results this week, including electric vehicle manufacturer Tesla (TSLA), health insurance giant UnitedHealth (UNH), chipmaker Intel (INTC) and consumer goods company Procter & Gamble (PG).Cleveland-Cliffs (CLF) and Bank of Hawaii (BOH) are expected to post their earnings pre-bell, among others. Steel Dynamics (STLD) and Alaska Air (ALK) report their results after the markets close.TopBuild's (BLD) shares jumped 18% before the bell as the company agreed to be acquired by QXO (QXO) in a deal worth about $17 billion. USA Rare Earth (USAR) rose 3.4% after it agreed to purchase Serra Verde, the owner of the Pela Ema rare earth mine and processing plant in Brazil, in a deal worth about $2.8 billion.With no major economic reports scheduled for Monday, traders will be awaiting last month's retail sales report on Tuesday.Gold fell 1.3% to $4,816 per troy ounce, while bitcoin nudged up 0.5% to $75,342.
QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio.Shareholders of TopBuild will have the option to receive $505 per share in cash or 20.2 shares of QXO, subject to proration, with the cash portion capped at 45% of the consideration, according to a Sunday statement. The per-share cash consideration represents a premium of about 23% to TopBuild's closing price on Friday.TopBuild's stock jumped 20% in Monday's most recent premarket activity, while QXO declined 1.5%."TopBuild will be our most significant acquisition yet, making QXO the second largest publicly traded building products distributor in North America," QXO Chief Executive Brad Jacobs said in a statement. "The TopBuild transaction will also give us critical mass in the insulation sector and expand our exposure to large, complex projects like data centers, where scale matters."The companies expect the deal to combine QXO's position in roofing, waterproofing and lumber-related building materials with TopBuild's insulation capabilities, creating an entity with $18 billion in combined revenue, according to Jacobs.The transaction, which requires approval from both companies' shareholders, is expected to complete in the third quarter. Following completion, QXO expects to have 28,000 employees and 1,150 locations across the US and seven Canadian provinces."We're excited to join QXO and combine our leadership in insulation installation and specialty distribution with QXO's scale, technology, and procurement capabilities," according to TopBuild CEO Robert Buck. "Together, we'll enhance customer service, unlock meaningful cross-selling opportunities, and drive continued growth and operating efficiency."QXO estimates the deal to be immediately and substantially accretive to its earnings. It also forecasts roughly $300 million in synergies from the integration of TopBuild by 2030, including revenue synergies from cross-selling an expanded range of integrated solutions."We see the deal adding 15%+ in (earnings per-share) accretion in 2027 given a combination of very high QXO valuation, strong margins at (TopBuild) and a potential for a better market for all in 2027," Truist Securities said in a Sunday client note.TopBuild projects to record annual revenue of $9 billion to $10 billion by 2030, according to the statement. In 2025, the company recorded adjusted sales of around $6.2 billion.In February, TopBuild said it expected sales to come in between $5.93 billion and $6.23 billion for 2026, while the current consensus on FactSet is for $6.05 billion.