2024-07-14 22:06:13 ET
Summary
- TopBuild is a strong operator benefiting from tailwinds for insulation products despite a challenged housing market.
- The company has tripled sales to over $5 billion in less than a decade, with EBITDA increasing to high-teens, as price expectations have risen significantly.
- Recent acquisitions and organic growth have led to steady sales growth, with lower interest rates driving potentially more growth.
In March, I believed that shares of TopBuild ( BLD ) , a premium insulation play, had warmed up. I see TopBuild as a strong operator, which benefits from secular tailwinds in the housing market, driving increased demand for insulation and adjacent products. ...
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TopBuild: Fresh Highs As A Rebound Is Anticipated