Jacobson & Schmitt Advisors LLC lifted its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,528 shares of the construction company's stock after acquiring an additional 12,731 shares during the period. Jacobson & Schmitt Advisors LLC owned 0.18% of Installed Building Products worth $8,855,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in IBP. Teachers Retirement System of The State of Kentucky grew its stake in shares of Installed Building Products by 121.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company's stock valued at $3,963,000 after buying an additional 8,815 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new position in Installed Building Products in the 3rd quarter valued at $54,499,000. Creative Planning increased its stake in Installed Building Products by 39.6% in the third quarter. Creative Planning now owns 7,712 shares of the construction company's stock worth $1,899,000 after purchasing an additional 2,187 shares during the period. Natixis Advisors LLC raised its holdings in shares of Installed Building Products by 6.4% in the 3rd quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company's stock valued at $18,286,000 after purchasing an additional 4,451 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Installed Building Products by 54.0% in the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company's stock worth $11,633,000 after purchasing an additional 16,569 shares during the period. 99.61% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on IBP shares. JPMorgan Chase & Co. boosted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. StockNews.com upgraded Installed Building Products from a "hold" rating to a "buy" rating in a research note on Wednesday. The Goldman Sachs Group dropped their price objective 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. 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, DA Davidson lowered their price target on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $240.40.
Read Our Latest Stock Report on Installed Building Products
Installed Building Products Stock Performance
IBP stock traded down $6.88 during trading on Friday, reaching $164.71. The company had a trading volume of 176,802 shares, compared to its average volume of 311,786. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 18.39 and a beta of 1.99. Installed Building Products, Inc. has a twelve month low of $163.14 and a twelve month high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a 50-day simple moving average of $185.35 and a 200-day simple moving average of $210.57.
About Installed Building Products
(
Free Report)
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.
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