1,700 Shares in Installed Building Products, Inc. $IBP Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new stake in Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,700 shares of the construction company’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in Installed Building Products in the 3rd quarter valued at about $481,000. Bayforest Capital Ltd boosted its position in Installed Building Products by 180.0% during the third quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after purchasing an additional 1,834 shares during the period. Blalock Williams LLC purchased a new position in shares of Installed Building Products in the third quarter worth about $792,000. Envestnet Asset Management Inc. raised its position in shares of Installed Building Products by 16.3% in the third quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock valued at $32,522,000 after purchasing an additional 18,487 shares during the period. Finally, Timucuan Asset Management Inc. FL lifted its stake in shares of Installed Building Products by 73.2% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after buying an additional 366,250 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE:IBP opened at $344.07 on Friday. The business’s 50-day moving average price is $289.77 and its two-hundred day moving average price is $267.62. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $346.83. The stock has a market cap of $9.33 billion, a P/E ratio of 37.04, a PEG ratio of 8.04 and a beta of 1.92. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBP. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 price objective on shares of Installed Building Products in a research note on Tuesday, January 13th. Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Jefferies Financial Group boosted their price objective on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Wells Fargo & Company raised their target price on Installed Building Products from $310.00 to $355.00 and gave the stock a “cautious” rating in a research note on Wednesday. Finally, Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $239.45.

Insider Activity

In related news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares in the company, valued at approximately $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.20% of the company’s stock.

About Installed Building Products

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.