Mackenzie Financial Corp Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

Mackenzie Financial Corp grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 37.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,272 shares of the construction company's stock after purchasing an additional 620 shares during the quarter. Mackenzie Financial Corp's holdings in TopBuild were worth $693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. QRG Capital Management Inc. grew its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after purchasing an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in TopBuild by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after buying an additional 637 shares in the last quarter. Algert Global LLC increased its stake in TopBuild by 69.7% in the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after acquiring an additional 2,887 shares during the last quarter. Two Sigma Investments LP increased its stake in TopBuild by 192.7% in the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after acquiring an additional 11,434 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of TopBuild in the 1st quarter valued at about $269,000. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Up 2.2%

BLD traded up $9.01 during midday trading on Thursday, reaching $413.34. 618,496 shares of the company's stock traded hands, compared to its average volume of 431,922. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 5.20 and a beta of 1.63. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $421.11. The firm has a fifty day moving average of $342.60 and a two-hundred day moving average of $318.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 1.47.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%. The firm's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.42 earnings per share. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research reports. UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a "hold" rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Evercore ISI increased their target price on TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research note on Wednesday. DA Davidson dropped their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Loop Capital upped their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $394.67.

Insider Activity

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.43% of the company's stock.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.