4 hours Ago By ABMN Staff
Victory Capital Management Inc. reduced its position in shares of Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 1.
8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,757 shares of the construction company’s stock after selling 689 shares during the quarter. Victory Capital Management Inc.
’s holdings in Installed Building Products were worth $6,442,000 at the end of the most recent quarter. A number of other large investors have also recently made changes to their positions in IBP. Atria Investments Inc boosted its holdings in shares of Installed Building Products by 6.
5% in the third quarter. Atria Investments Inc now owns 2,540 shares of the construction company’s stock worth $625,000 after buying an additional 156 shares during the last quarter. Oppenheimer Asset Management Inc.
purchased a new position in shares of Installed Building Products in the third quarter worth approximately $243,000. Curi RMB Capital LLC purchased a new position in shares of Installed Building Products in the third quarter worth approximately $2,378,000. CIBC Asset Management Inc purchased a new position in shares of Installed Building Products in the third quarter worth approximately $203,000.
Finally, Natixis Advisors LLC boosted its holdings in shares of Installed Building Products by 6.4% in the third quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company’s stock worth $18,286,000 after buying an additional 4,451 shares during the last quarter.
99.61% of the stock is currently owned by institutional investors. Installed Building Products Trading Up 1.
8 % Shares of IBP stock opened at $171.64 on Friday. The company’s 50-day moving average price is $182.
38 and its 200-day moving average price is $205.59. 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 market cap of $4.76 billion, a price-to-earnings ratio of 19.07 and a beta of 2.
05. Installed Building Products, Inc. has a twelve month low of $159.
77 and a twelve month high of $281.04. Installed Building Products Increases Dividend Analyst Ratings Changes Several equities analysts have weighed in on the stock.
Benchmark lowered their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 3rd.
StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. 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 report on Monday, March 3rd. Seaport Res Ptn downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th.
Finally, JPMorgan Chase & Co. boosted their target price on shares of Installed Building Products from $236.00 to $241.
00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $219.
40. Get Our Latest Report on IBP 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.
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