Pembroke Management LTD Has $27.05 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Pembroke Management LTD lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,335 shares of the construction company's stock after selling 16,946 shares during the period. Installed Building Products comprises 3.4% of Pembroke Management LTD's investment portfolio, making the stock its 8th largest holding. Pembroke Management LTD owned about 0.55% of Installed Building Products worth $27,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. increased its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock valued at $30,000 after purchasing an additional 78 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after purchasing an additional 140 shares during the period. Quarry LP increased its holdings in shares of Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after purchasing an additional 286 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in shares of Installed Building Products in the 3rd quarter valued at about $111,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBP. The Goldman Sachs Group dropped their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Evercore ISI downgraded Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Seaport Res Ptn downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Royal Bank of Canada downgraded Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $240.40.

Installed Building Products Stock Performance

Installed Building Products stock traded down $6.36 during trading hours on Friday, reaching $165.23. 375,533 shares of the company were exchanged, compared to its average volume of 318,175. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 18.36 and a beta of 1.99. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $184.69 and a 200 day moving average of $210.17. Installed Building Products, Inc. has a 12 month low of $163.14 and a 12 month high of $281.04.

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.