Leeward Investments LLC MA Buys Shares of 72,978 Installed Building Products, Inc. (NYSE:IBP)

Leeward Investments LLC MA acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 72,978 shares of the construction company’s stock, valued at approximately $17,972,000. Leeward Investments LLC MA owned about 0.26% of Installed Building Products as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Diversified Trust Co raised its position in shares of Installed Building Products by 2.3% in the second quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after purchasing an additional 46 shares during the period. CWM LLC lifted its position in Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after acquiring an additional 62 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Installed Building Products by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock valued at $523,000 after acquiring an additional 63 shares during the period. Xponance Inc. grew its position in shares of Installed Building Products by 5.3% in the second quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock valued at $312,000 after purchasing an additional 76 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on shares of Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $254.40.

Installed Building Products Stock Performance

Shares of Installed Building Products 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 firm has a 50 day simple moving average of $231.40 and a 200 day simple moving average of $225.47. Installed Building Products, Inc. has a fifty-two week low of $115.25 and a fifty-two week high of $281.04. The firm has a market cap of $6.43 billion, a P/E ratio of 25.41 and a beta of 1.95.

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.