Stephens Investment Management Group LLC Sells 8,192 Shares of Installed Building Products, Inc. (NYSE:IBP)

Stephens Investment Management Group LLC cut its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,200 shares of the construction company's stock after selling 8,192 shares during the quarter. Stephens Investment Management Group LLC owned 0.66% of Installed Building Products worth $46,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Swedbank AB bought a new stake in Installed Building Products during the first quarter worth $96,248,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Installed Building Products by 1,328.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock worth $51,107,000 after buying an additional 183,696 shares during the last quarter. Millennium Management LLC grew its position in Installed Building Products by 395.3% during the second quarter. Millennium Management LLC now owns 143,166 shares of the construction company's stock valued at $29,446,000 after buying an additional 114,259 shares during the period. Renaissance Technologies LLC increased its holdings in Installed Building Products by 2,912.0% during the second quarter. Renaissance Technologies LLC now owns 75,300 shares of the construction company's stock worth $15,488,000 after buying an additional 72,800 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in Installed Building Products in the first quarter worth about $17,806,000. Institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

IBP has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Wednesday. Jefferies Financial Group upped their price target on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Stephens reissued an "equal weight" rating and issued a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. Finally, Evercore ISI upped their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $254.40.

Installed Building Products Price Performance

Shares of Installed Building Products stock traded up $0.07 during trading on Friday, hitting $216.97. The stock had a trading volume of 223,827 shares, compared to its average volume of 288,474. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 24.21 and a beta of 1.94. Installed Building Products, Inc. has a 12 month low of $115.25 and a 12 month high of $281.04. The business's 50-day moving average is $231.55 and its 200 day moving average is $225.54. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $0.13. The firm had revenue of $737.60 million during the quarter, compared to the consensus estimate of $743.86 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. As a group, sell-side analysts anticipate that Installed Building Products, Inc. will post 11 earnings per share for the current year.

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.