Emerald Mutual Fund Advisers Trust Decreases Stake in Installed Building Products, Inc. (NYSE:IBP)

Emerald Mutual Fund Advisers Trust trimmed its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 19.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,187 shares of the construction company's stock after selling 5,257 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.08% of Installed Building Products worth $5,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Installed Building Products during the 1st quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Installed Building Products during the 3rd quarter worth $29,000. GHP Investment Advisors Inc. boosted its position in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after purchasing an additional 78 shares in the last quarter. CWM LLC boosted its position in shares of Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock worth $52,000 after purchasing an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Installed Building Products during the 1st quarter worth $68,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Trading Up 1.9 %

Shares of NYSE IBP traded up $4.22 on Monday, reaching $221.07. 377,654 shares of the company traded hands, compared to its average volume of 288,893. Installed Building Products, Inc. has a fifty-two week low of $115.25 and a fifty-two week high of $281.04. The company has a 50 day moving average of $231.24 and a 200 day moving average of $225.40. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $6.24 billion, a PE ratio of 24.20 and a beta of 1.95.

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

Analysts Set New Price Targets

IBP has been the subject of several research reports. Royal Bank of Canada lifted their price target on Installed Building Products from $201.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd. Stephens reaffirmed an "equal weight" rating and set a $240.00 price target on shares of Installed Building Products in a research note on Monday, August 5th. 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. Truist Financial boosted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a "hold" rating in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $254.40.

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.