Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 33.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 50,528 shares of the construction company’s stock after purchasing an additional 12,731 shares during the quarter. Jacobson & Schmitt Advisors LLC’s holdings in Installed Building Products were worth $8,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBP. Sanctuary Advisors LLC lifted its stake in shares of Installed Building Products by 8.9% during the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock worth $274,000 after purchasing an additional 128 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Installed Building Products by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company’s stock worth $22,234,000 after purchasing an additional 4,467 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Installed Building Products by 5.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 10,145 shares of the construction company’s stock worth $1,778,000 after purchasing an additional 505 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Installed Building Products by 20.0% during the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock worth $196,000 after purchasing an additional 186 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Installed Building Products by 1.7% during the fourth quarter. New York State Teachers Retirement System now owns 11,718 shares of the construction company’s stock worth $2,054,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Down 1.5 %

Shares of Installed Building Products stock opened at $171.29 on Thursday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.82 billion, a P/E ratio of 19.03 and a beta of 1.99. Installed Building Products, Inc. has a fifty-two week low of $167.24 and a fifty-two week high of $281.04. The business has a 50-day moving average price of $186.04 and a 200 day moving average price of $210.85.

Wall Street Analyst Weigh In

IBP has been the topic of a number of recent research reports. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group reduced 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 target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on 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 Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products has an average rating of “Hold” and a consensus price target of $240.40.

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.