BNP Paribas Asset Management Holding S.A. 13F: Adds $34M to BLD Stake

BNP Paribas Asset Management Holding S.A. has significantly increased its investment in TopBuild Corp. (NYSE:BLD). According to its latest Form 13F filing with the SEC, the firm boosted its stake by 51.7%, adding 78,992 shares. This brings its total holdings to 231,636 shares, valued at approximately $98.6 million as of the reporting period.

What Changed in BNP Paribas Asset Management's TopBuild Corp. Position

BNP Paribas Asset Management grew its position in TopBuild Corp. by 51.7%, moving from 152,644 shares to 231,636 shares. The addition of 78,992 shares increased the value of its holdings to around $98.6 million.

Other Institutional Activity in TopBuild Corp.

Several other institutional investors have also adjusted their positions in TopBuild Corp. Capital Research Global Investors increased its holdings by 501,054 shares, ending with 4,095,185 shares worth about $1.44 billion, a 13.9% increase. BlackRock, Inc. added 114,606 shares, resulting in a total of 2,921,362 shares valued at approximately $1.03 billion, marking a 4.1% increase. FMR LLC reduced its stake by 286,967 shares, now holding 1,899,418 shares valued at $667.3 million, a 13.1% decrease. Capital World Investors boosted its position by 611,078 shares, reaching 1,483,387 shares worth $521.1 million, a 70.1% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 1,259,046 and 1,156,896 shares, respectively.

TopBuild Corp. Stock Up 18.3%

Shares of NYSE:BLD traded near $425.52 on Saturday. TopBuild Corp. has a market cap of $11.98 billion and a P/E ratio of 23.9. The stock's 52-week range is between $320.00 and $559.47. It has a 50-day moving average of $421.34 and a 200-day moving average of $428.56. The company's beta is 1.807, indicating higher volatility compared to the market. It maintains a current ratio of 1.997 and a quick ratio of 1.364, with a debt-to-equity ratio of 130.072.

Recent Earnings

TopBuild Corp. reported revenue of $5.62 billion, reflecting a growth of 17.2%. The company achieved a net margin of 8.95% and a return on equity of 22.26%. Earnings per share stood at $17.79. The next earnings report is scheduled for August 4, 2026.

Insider Buying and Selling at TopBuild Corp.

Several insiders at TopBuild Corp. made stock purchases on April 27, 2026. Ernesto Bautista III, Mark Petrarca, Alec Covington, Joseph Cantie, Tina Donikowski, and Nancy Taylor each bought 343 shares at an average price of $445.78. These transactions were not part of a Rule 10b5-1 plan.

Analysts Set New Price Targets

On May 6, 2026, Loop Capital and DA Davidson both downgraded TopBuild Corp. to a hold rating, with price targets of $485.00 and $437.00, respectively. Earlier, JP Morgan also downgraded the stock to hold with a target of $496.00 on April 21, 2026. Meanwhile, Wells Fargo maintained a buy rating with a target of $475.00 on April 8, 2026. The consensus among analysts is a buy rating, with a mean price target of $471.33.

About TopBuild Corp.

TopBuild Corp. operates in the industrial sector, focusing on engineering and construction. Headquartered in Daytona Beach, Florida, the company specializes in installing and distributing insulation and other building materials. TopBuild serves a wide range of clients, including homebuilders and contractors, through its installation branches and distribution centers across the U.S. and Canada. Led by CEO Robert M. Buck, the company employs approximately 14,707 people.

Bottom Line

BNP Paribas Asset Management's recent increase in its TopBuild Corp. stake underscores institutional interest in the company. While the 13F filing is backward-looking and may not reflect current positions, it provides insight into BNP Paribas's confidence in TopBuild. With a solid market presence and upcoming earnings, TopBuild remains a company to watch in the engineering and construction sector.