Vest Financial LLC Acquires 7,557 Shares of Installed Building Products, Inc. (NYSE:IBP)

Vest Financial LLC raised its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 121.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,777 shares of the construction company's stock after acquiring an additional 7,557 shares during the quarter. Vest Financial LLC's holdings in Installed Building Products were worth $2,414,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of Installed Building Products in the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. increased its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after buying an additional 78 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after purchasing an additional 140 shares during the last quarter. Quarry LP raised its position in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after purchasing an additional 286 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in Installed Building Products in the third quarter valued at approximately $111,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IBP. The Goldman Sachs Group reduced their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada downgraded shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. StockNews.com raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a research note on Monday. Seaport Res Ptn downgraded shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $240.40.

Installed Building Products Stock Performance

Shares of IBP stock traded down $5.43 during mid-day trading on Wednesday, hitting $178.14. The stock had a trading volume of 348,630 shares, compared to its average volume of 312,033. Installed Building Products, Inc. has a fifty-two week low of $169.02 and a fifty-two week high of $281.04. The company's 50-day simple moving average is $189.71 and its 200-day simple moving average is $213.61. The firm has a market cap of $5.01 billion, a PE ratio of 19.79 and a beta of 1.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

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.