Shaker Investments LLC OH Sells 4,467 Shares of Installed Building Products, Inc. (NYSE:IBP)

Shaker Investments LLC OH trimmed its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the construction company's stock after selling 4,467 shares during the period. Shaker Investments LLC OH's holdings in Installed Building Products were worth $876,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock worth $72,268,000 after acquiring an additional 83,205 shares in the last quarter. WCM Investment Management LLC lifted its stake in Installed Building Products by 49.7% during the fourth quarter. WCM Investment Management LLC now owns 91,415 shares of the construction company's stock worth $15,950,000 after purchasing an additional 30,364 shares during the last quarter. Vest Financial LLC boosted its holdings in shares of Installed Building Products by 121.5% in the 4th quarter. Vest Financial LLC now owns 13,777 shares of the construction company's stock valued at $2,414,000 after purchasing an additional 7,557 shares in the last quarter. Choreo LLC increased its stake in shares of Installed Building Products by 68.2% in the 4th quarter. Choreo LLC now owns 2,158 shares of the construction company's stock valued at $377,000 after purchasing an additional 875 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Installed Building Products by 23.0% during the 4th quarter. Boston Trust Walden Corp now owns 164,845 shares of the construction company's stock worth $28,889,000 after buying an additional 30,840 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Up 0.2 %

Shares of IBP stock traded up $0.32 on Friday, reaching $178.62. 109,392 shares of the company were exchanged, compared to its average volume of 303,667. Installed Building Products, Inc. has a one year low of $169.02 and a one year high of $281.04. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 19.87 and a beta of 1.99. The company has a 50-day moving average of $189.71 and a 200-day moving average of $213.61. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Analysts Set New Price Targets

Several research analysts have commented on the company. DA Davidson lowered their target price on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada cut Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their target price for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI cut shares of Installed Building Products from an "outperform" rating to an "underperform" rating and reduced their price objective for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. 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 report on Tuesday, January 14th. Finally, StockNews.com raised Installed Building Products from a "hold" rating to a "buy" rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $240.40.

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.