Installed Building Products, Inc. (NYSE:IBP) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC raised its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 49.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,415 shares of the construction company's stock after purchasing an additional 30,364 shares during the period. WCM Investment Management LLC owned 0.32% of Installed Building Products worth $15,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vest Financial LLC raised its position in shares of Installed Building Products by 121.5% in the fourth quarter. Vest Financial LLC now owns 13,777 shares of the construction company's stock valued at $2,414,000 after buying an additional 7,557 shares during the last quarter. Choreo LLC increased its position in Installed Building Products by 68.2% during the fourth quarter. Choreo LLC now owns 2,158 shares of the construction company's stock worth $377,000 after purchasing an additional 875 shares during the last quarter. Boston Trust Walden Corp increased its position in Installed Building Products by 23.0% during the fourth quarter. Boston Trust Walden Corp now owns 164,845 shares of the construction company's stock worth $28,889,000 after purchasing an additional 30,840 shares during the last quarter. Laurus Investment Counsel Inc. increased its position in Installed Building Products by 146.3% during the fourth quarter. Laurus Investment Counsel Inc. now owns 5,270 shares of the construction company's stock worth $924,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Swedbank AB increased its position in Installed Building Products by 26.4% during the fourth quarter. Swedbank AB now owns 330,000 shares of the construction company's stock worth $57,832,000 after purchasing an additional 69,000 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Up 0.2 %

Shares of NYSE IBP traded up $0.27 during midday trading on Thursday, hitting $178.40. The company's stock had a trading volume of 270,906 shares, compared to its average volume of 310,614. The business's fifty day simple moving average is $189.71 and its two-hundred day simple moving average is $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. Installed Building Products, Inc. has a 1 year low of $169.02 and a 1 year high of $281.04. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.82 and a beta of 1.99.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IBP. The Goldman Sachs Group cut their price objective on shares of 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. StockNews.com upgraded shares of Installed Building Products from a "hold" rating to a "buy" rating in a research report on Monday. DA Davidson dropped their price target on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Seaport Res Ptn cut 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. lifted their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $240.40.

Installed Building Products Profile

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.