Leeward Investments LLC MA Acquires New Position in Installed Building Products, Inc. (NYSE:IBP)

Leeward Investments LLC MA acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,978 shares of the construction company's stock, valued at approximately $17,972,000. Leeward Investments LLC MA owned approximately 0.26% of Installed Building Products as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Installed Building Products in the 1st quarter valued at $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Installed Building Products in the third quarter worth about $29,000. GHP Investment Advisors Inc. grew its holdings in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after acquiring an additional 78 shares during the period. CWM LLC raised its position in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after acquiring an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Installed Building Products during the 1st quarter worth approximately $68,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Price Performance

Shares of IBP traded down $10.65 during trading hours on Thursday, hitting $217.04. 554,735 shares of the stock were exchanged, compared to its average volume of 292,496. The stock's 50-day moving average price is $231.34 and its two-hundred day moving average price is $225.41. Installed Building Products, Inc. has a 12-month low of $115.25 and a 12-month high of $281.04. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 24.22 and a beta of 1.95.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Evercore ISI upped their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Stephens restated an "equal weight" rating and set a $240.00 target price on shares of Installed Building Products in a research report on Monday, August 5th. The Goldman Sachs Group upped their price target on Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $254.40.

Installed Building Products Company 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.