Vaughan Nelson Investment Management L.P. Boosts Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. raised its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,371 shares of the construction company's stock after purchasing an additional 83,205 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.47% of Installed Building Products worth $72,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Installed Building Products by 121.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company's stock worth $3,963,000 after purchasing an additional 8,815 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Installed Building Products in the 3rd quarter valued at about $54,499,000. Creative Planning grew its holdings in Installed Building Products by 39.6% during the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company's stock worth $1,899,000 after acquiring an additional 2,187 shares during the period. Natixis Advisors LLC increased its holdings in Installed Building Products by 6.4% in the third quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company's stock valued at $18,286,000 after purchasing an additional 4,451 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Installed Building Products by 54.0% in the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company's stock valued at $11,633,000 after acquiring an additional 16,569 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on IBP shares. DA Davidson decreased their price objective on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada lowered shares of 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. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group lowered their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Installed Building Products currently has an average rating of "Hold" and an average target price of $240.40.

Installed Building Products Trading Down 3.0 %

Shares of Installed Building Products stock traded down $5.43 during trading on Wednesday, hitting $178.14. The company's stock had a trading volume of 348,630 shares, compared to its average volume of 312,033. Installed Building Products, Inc. has a 52 week low of $169.02 and a 52 week high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 19.79 and a beta of 1.99. The stock has a 50-day moving average price of $189.71 and a two-hundred day moving average price of $213.61.

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.