Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 25.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 412,371 shares of the construction company’s stock after acquiring an additional 83,205 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Installed Building Products were worth $72,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IBP. GHP Investment Advisors Inc. boosted its stake in Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Blue Trust Inc. lifted its holdings in Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after acquiring an additional 92 shares during the last quarter. NBC Securities Inc. boosted its position in shares of Installed Building Products by 6.4% during the 3rd quarter. NBC Securities Inc. now owns 1,784 shares of the construction company’s stock valued at $439,000 after purchasing an additional 108 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the 3rd quarter worth approximately $29,000. Finally, TD Private Client Wealth LLC lifted its stake in Installed Building Products by 15.3% during the third quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock valued at $255,000 after purchasing an additional 137 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $203.00 to $197.00 in a report on Friday, November 8th. DA Davidson cut their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their price objective for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Finally, Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $240.40.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $181.98 on Friday. The business has a 50-day moving average of $192.19 and a two-hundred day moving average of $215.31. Installed Building Products, Inc. has a fifty-two week low of $169.02 and a fifty-two week high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The stock has a market capitalization of $5.12 billion, a P/E ratio of 20.22 and a beta of 1.99.

Installed Building Products Company Profile

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.