Vaughan Nelson Investment Management L.P. Sells 79,715 Shares of Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. cut its holdings in Installed Building Products, Inc. (NYSE:IBPFree Report) by 18.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362,521 shares of the construction company’s stock after selling 79,715 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.28% of Installed Building Products worth $45,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd grew its holdings in Installed Building Products by 112.4% in the first quarter. Covestor Ltd now owns 582 shares of the construction company’s stock worth $49,000 after purchasing an additional 308 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Installed Building Products during the fourth quarter valued at approximately $49,000. Huntington National Bank grew its holdings in shares of Installed Building Products by 92.1% during the second quarter. Huntington National Bank now owns 390 shares of the construction company’s stock valued at $55,000 after buying an additional 187 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Installed Building Products by 117.2% during the third quarter. Ronald Blue Trust Inc. now owns 530 shares of the construction company’s stock valued at $66,000 after buying an additional 286 shares during the last quarter. Finally, State of Wyoming lifted its position in Installed Building Products by 24.4% during the fourth quarter. State of Wyoming now owns 913 shares of the construction company’s stock valued at $78,000 after purchasing an additional 179 shares during the period. 82.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBP shares. Evercore ISI upgraded shares of Installed Building Products from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $165.00 in a research report on Thursday, November 9th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group cut their price target on shares of Installed Building Products from $166.00 to $140.00 in a report on Thursday, October 12th. JPMorgan Chase & Co. raised shares of Installed Building Products from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $165.00 to $199.00 in a research report on Thursday, December 14th. Finally, Loop Capital raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of “Moderate Buy” and an average target price of $173.33.

View Our Latest Stock Analysis on IBP

Insider Transactions at Installed Building Products

In related news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $164.62, for a total transaction of $823,100.00. Following the completion of the transaction, the insider now owns 42,358 shares in the company, valued at approximately $6,972,973.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 17.30% of the company’s stock.

Installed Building Products Stock Up 1.0 %

Shares of IBP traded up $2.08 during mid-day trading on Friday, hitting $207.52. The company’s stock had a trading volume of 88,956 shares, compared to its average volume of 229,697. The company’s 50-day moving average is $182.43 and its 200-day moving average is $150.68. Installed Building Products, Inc. has a 52-week low of $102.57 and a 52-week high of $209.02. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.10 and a beta of 1.86. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.34.

Installed Building Products (NYSE:IBPGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The construction company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.37. Installed Building Products had a net margin of 9.02% and a return on equity of 49.76%. The firm had revenue of $706.47 million during the quarter, compared to analysts’ expectations of $718.21 million. On average, equities research analysts forecast that Installed Building Products, Inc. will post 9.76 EPS for the current fiscal year.

Installed Building Products Profile

(Free Report)

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 continental United States. The company offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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