Boston Trust Walden Corp Grows Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Boston Trust Walden Corp lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 23.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,845 shares of the construction company's stock after purchasing an additional 30,840 shares during the quarter. Boston Trust Walden Corp owned about 0.59% of Installed Building Products worth $28,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after buying an additional 367,628 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new position in Installed Building Products during the 3rd quarter valued at about $54,499,000. Wellington Management Group LLP bought a new stake in Installed Building Products during the third quarter worth about $34,635,000. State Street Corp grew its holdings in Installed Building Products by 8.4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock worth $307,472,000 after purchasing an additional 96,780 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Installed Building Products during the third quarter valued at approximately $18,802,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBP has been the topic of several recent research reports. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Saturday, February 1st. DA Davidson cut their target price on Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group lowered their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn downgraded shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $240.40.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $9.34 during trading on Friday, reaching $181.98. 346,661 shares of the company traded hands, compared to its average volume of 311,562. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $193.12 and a 200-day simple moving average of $215.76. Installed Building Products, Inc. has a 52-week low of $169.02 and a 52-week high of $281.04. The stock has a market capitalization of $5.12 billion, a PE ratio of 20.22 and a beta of 1.99.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.