Rep. Robert Bresnahan, Jr. Sells Off Shares of Installed Building Products, Inc. (NYSE:IBP)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Installed Building Products, Inc. NYSE: IBP. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Installed Building Products stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Installed Building Products Stock Down 1.5 %

Shares of NYSE:IBP traded down $2.69 during trading on Wednesday, hitting $171.29. The company's stock had a trading volume of 416,939 shares, compared to its average volume of 315,648. The company has a market capitalization of $4.82 billion, a PE ratio of 19.03 and a beta of 1.99. Installed Building Products, Inc. has a fifty-two week low of $167.24 and a fifty-two week high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The stock's 50-day moving average price is $186.04 and its two-hundred day moving average price is $210.85.

Hedge Funds Weigh In On Installed Building Products

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Installed Building Products during the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. raised 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 buying an additional 78 shares in the last quarter. Curio Wealth LLC acquired a new stake in shares of Installed Building Products in the 4th quarter worth approximately $30,000. Advisors Asset Management Inc. boosted its holdings in shares of Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after acquiring an additional 140 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its position in Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares during the period. Institutional investors own 99.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on IBP shares. JPMorgan Chase & Co. increased their target price on Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. StockNews.com raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada cut shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and reduced their price target for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, Seaport Res Ptn lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $240.40.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.