KBC Group NV Boosts Position in Installed Building Products, Inc. (NYSE:IBP)

KBC Group NV lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 293.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,562 shares of the construction company's stock after acquiring an additional 1,911 shares during the quarter. KBC Group NV's holdings in Installed Building Products were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBP. State Street Corp boosted its holdings in shares of 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 acquiring an additional 96,780 shares during the period. FMR LLC boosted its stake in Installed Building Products by 61.5% in the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock worth $237,786,000 after purchasing an additional 367,628 shares during the period. Geode Capital Management LLC grew its holdings in Installed Building Products by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock valued at $153,452,000 after buying an additional 23,179 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Installed Building Products by 6.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock worth $81,063,000 after buying an additional 20,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Installed Building Products by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock valued at $68,065,000 after acquiring an additional 21,942 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Down 0.3 %

NYSE IBP traded down $0.59 during trading on Thursday, hitting $191.23. 431,849 shares of the company's stock traded hands, compared to its average volume of 310,102. The stock has a fifty day moving average of $193.81 and a two-hundred day moving average of $215.93. Installed Building Products, Inc. has a 12-month low of $169.02 and a 12-month high of $281.04. The firm has a market cap of $5.38 billion, a P/E ratio of 21.25 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.

Analyst Ratings Changes

Several analysts have issued reports on IBP shares. StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Saturday, February 1st. Seaport Res Ptn cut Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price target on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada lowered Installed Building Products from a "sector perform" rating to an "underperform" rating and cut their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Finally, Evercore ISI cut shares of Installed Building Products from an "outperform" rating to an "underperform" rating and decreased their price objective for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.