Vest Financial LLC Has $2.41 Million Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Vest Financial LLC lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 121.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,777 shares of the construction company’s stock after purchasing an additional 7,557 shares during the quarter. Vest Financial LLC’s holdings in Installed Building Products were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its holdings in Installed Building Products by 121.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock valued at $3,963,000 after buying an additional 8,815 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at about $54,499,000. Creative Planning increased its stake in Installed Building Products by 39.6% in the third quarter. Creative Planning now owns 7,712 shares of the construction company’s stock valued at $1,899,000 after acquiring an additional 2,187 shares during the period. Natixis Advisors LLC raised its position in 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 purchasing an additional 4,451 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Installed Building Products by 54.0% during the third quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock worth $11,633,000 after purchasing an additional 16,569 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Price Performance

Shares of IBP stock opened at $181.98 on Friday. Installed Building Products, Inc. has a 1 year low of $169.02 and a 1 year high of $281.04. 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 firm’s 50 day moving average is $192.19 and its 200-day moving average is $215.31. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 20.22 and a beta of 1.99.

Wall Street Analysts Forecast Growth

IBP has been the topic of several analyst reports. The Goldman Sachs Group lowered their price objective on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. DA Davidson dropped their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, November 8th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 1st. JPMorgan Chase & Co. increased their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $240.40.

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.