Installed Building Products, Inc. $IBP Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,432 shares of the construction company’s stock after selling 1,700 shares during the period. Allianz Asset Management GmbH’s holdings in Installed Building Products were worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Curio Wealth LLC raised its position in shares of Installed Building Products by 16,800.0% during the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Installed Building Products during the third quarter worth approximately $42,000. Farther Finance Advisors LLC lifted its position in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after purchasing an additional 54 shares during the period. Federated Hermes Inc. bought a new position in Installed Building Products during the 3rd quarter valued at $106,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 14.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after purchasing an additional 54 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Royal Bank Of Canada raised their target price on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Installed Building Products presently has an average rating of “Reduce” and a consensus price target of $239.45.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the sale, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.20% of the company’s stock.

Installed Building Products Stock Performance

Shares of IBP stock opened at $334.94 on Thursday. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $341.60. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 7.87 and a beta of 1.92. The firm has a 50 day moving average of $286.91 and a 200-day moving average of $265.76. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25.

Installed Building Products Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.