1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its stake in Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 112.
6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,772 shares of the construction company’s stock after acquiring an additional 81,455 shares during the period. JPMorgan Chase & Co.
’s holdings in Installed Building Products were worth $26,949,000 at the end of the most recent reporting period. Several other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in Installed Building Products in the 3rd quarter worth about $34,635,000.
Raymond James Financial Inc. purchased a new stake in shares of Installed Building Products in the fourth quarter worth about $23,776,000. State Street Corp boosted its position in shares of Installed Building Products by 8.
4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after acquiring an additional 96,780 shares during the period. Vaughan Nelson Investment Management L.
P. grew its stake in Installed Building Products by 25.3% during the fourth quarter.
Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock valued at $72,268,000 after acquiring an additional 83,205 shares in the last quarter.
Finally, Fisher Funds Management LTD purchased a new position in Installed Building Products during the fourth quarter valued at approximately $12,309,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.
Installed Building Products Stock Down 4.2 % Shares of NYSE IBP opened at $157.78 on Wednesday.
The stock has a market capitalization of $4.38 billion, a P/E ratio of 17.53 and a beta of 1.
84. Installed Building Products, Inc. has a one year low of $154.
01 and a one year high of $281.04. The firm’s 50 day simple moving average is $175.
17 and its two-hundred day simple moving average is $199.36. The company has a debt-to-equity ratio of 1.
18, a current ratio of 2.99 and a quick ratio of 2.50.
Installed Building Products Increases Dividend Wall Street Analyst Weigh In Several analysts have issued reports on the stock. Truist Financial lowered their target price on shares of Installed Building Products from $240.00 to $180.
00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $238.00 to $206.
00 in a research note on Monday, December 16th. DA Davidson decreased their target price on Installed Building Products from $260.00 to $225.
00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Benchmark dropped their price target on Installed Building Products from $250.00 to $210.
00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Loop Capital decreased their price objective on shares of Installed Building Products from $230.00 to $215.
00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.
com, Installed Building Products has a consensus rating of “Hold” and an average price target of $216.09. Get Our Latest Report on Installed Building Products Installed Building Products Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding IBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Installed Building Products, Inc.
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