TopBuild Corp. (NYSE:BLD) will look for M&A. Robert Buck, President and Chief Executive Officer said during the Fourth Quarter and Year-End 2023 Conference Call, "So from a capital allocation standpoint, I'd say nothing's changed with our strategy there, M&A's priority one in terms of where we see the best returns. So we're going to continue to deploy capital there.

But just like we've said in the past, we're -- that's going to be lumpy, and we're going to stay disciplined in our process there. So we always do look at buyback opportunities, trying to be opportunistic there and weighing it with the pipeline and the deals we have coming. So I think you'll see us doing buybacks again at some point as well, but we're also going to stay aggressive on the M&A front".