Cibc World Market Inc. Acquires New Stake in Installed Building Products, Inc. $IBP

Cibc World Market Inc. acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the construction company’s stock, valued at approximately $617,000.

Several other hedge funds have also recently made changes to their positions in IBP. Eminence Capital LP increased its holdings in Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after acquiring an additional 308,717 shares during the last quarter. Timucuan Asset Management Inc. FL increased its stake in shares of Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Giverny Capital Inc. increased its stake in shares of Installed Building Products by 1.3% in the second quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after purchasing an additional 6,386 shares in the last quarter. Bamco Inc. NY raised its position in shares of Installed Building Products by 8.5% in the second quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock valued at $86,741,000 after purchasing an additional 37,595 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Installed Building Products by 14.9% during the 2nd quarter. First Trust Advisors LP now owns 390,021 shares of the construction company’s stock valued at $70,329,000 after buying an additional 50,606 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBP. Evercore set a $265.00 price objective on shares of Installed Building Products in a research note on Thursday, November 6th. Jefferies Financial Group lifted their price target on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research report on Monday, December 15th. Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Finally, Benchmark cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One 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. According to data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Reduce” and a consensus price target of $239.45.

Installed Building Products Stock Performance

NYSE IBP opened at $327.89 on Thursday. The company has a fifty day moving average of $293.59 and a 200-day moving average of $270.39. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The company has a market capitalization of $8.89 billion, a P/E ratio of 35.30, a P/E/G ratio of 7.86 and a beta of 1.92.

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.