Radnor Capital Management LLC Sells 1,987 Shares of Installed Building Products, Inc. (NYSE:IBP)

Radnor Capital Management LLC lessened its holdings in Installed Building Products, Inc. (NYSE:IBP) by 34.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,800 shares of the construction company’s stock after selling 1,987 shares during the quarter. Radnor Capital Management LLC’s holdings in Installed Building Products were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IBP. PDS Planning Inc bought a new position in Installed Building Products in the third quarter valued at approximately $211,000. Emerald Advisers LLC lifted its stake in shares of Installed Building Products by 2.7% in the 3rd quarter. Emerald Advisers LLC now owns 54,656 shares of the construction company’s stock valued at $13,460,000 after purchasing an additional 1,419 shares during the period. Van ECK Associates Corp boosted its position in shares of Installed Building Products by 26.6% in the 3rd quarter. Van ECK Associates Corp now owns 21,736 shares of the construction company’s stock worth $4,936,000 after purchasing an additional 4,562 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Installed Building Products by 9.9% during the third quarter. Farther Finance Advisors LLC now owns 1,782 shares of the construction company’s stock worth $439,000 after purchasing an additional 160 shares during the period. Finally, CacheTech Inc. increased its holdings in Installed Building Products by 4.0% in the third quarter. CacheTech Inc. now owns 11,888 shares of the construction company’s stock valued at $2,928,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBP. Royal Bank of Canada boosted their target price on Installed Building Products from $201.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stephens reiterated an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Jefferies Financial Group boosted their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Truist Financial raised their price objective on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Installed Building Products presently has a consensus rating of “Hold” and a consensus price target of $254.40.

Installed Building Products Stock Down 2.1 %

IBP stock opened at $227.69 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59. The stock has a market capitalization of $6.43 billion, a P/E ratio of 25.41 and a beta of 1.95. Installed Building Products, Inc. has a fifty-two week low of $115.25 and a fifty-two week high of $281.04. The business has a 50-day moving average of $231.40 and a 200-day moving average of $225.47.

About Installed Building Products

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.