Installed Building Products, Inc. (NYSE:IBP) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,217 shares of the construction company’s stock after selling 79 shares during the quarter. State of Alaska Department of Revenue’s holdings in Installed Building Products were worth $2,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Installed Building Products during the third quarter valued at $29,000. GHP Investment Advisors Inc. grew its position in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the period. Advisors Asset Management Inc. grew its position in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the period. Quarry LP grew its position in Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after buying an additional 286 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Installed Building Products in the third quarter valued at about $111,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP stock opened at $184.93 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm’s 50-day moving average is $192.19 and its two-hundred day moving average is $214.88. Installed Building Products, Inc. has a 12 month low of $169.02 and a 12 month high of $281.04. The company has a market capitalization of $5.20 billion, a PE ratio of 20.55 and a beta of 1.99.

Analyst Ratings Changes

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