Shaker Investments LLC OH Decreases Stake in Installed Building Products, Inc. (NYSE:IBP)

Shaker Investments LLC OH lessened its stake in Installed Building Products, Inc. (NYSE:IBP) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the construction company’s stock after selling 4,467 shares during the quarter. Shaker Investments LLC OH’s holdings in Installed Building Products were worth $876,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IBP. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter worth about $29,000. GHP Investment Advisors Inc. boosted its stake in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares during the period. Quarry LP grew its holdings in shares of Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products in the 3rd quarter valued at approximately $111,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Installed Building Products stock opened at $184.93 on Tuesday. The stock has a fifty day moving average price of $192.19 and a 200 day moving average price of $214.88. Installed Building Products, Inc. has a 52 week low of $169.02 and a 52 week high of $281.04. The firm has a market capitalization of $5.20 billion, a P/E ratio of 20.55 and a beta of 1.99. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBP. Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. Royal Bank of Canada cut shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. DA Davidson cut their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and an average 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.