Leeward Investments LLC MA Trims Holdings in Installed Building Products, Inc. $IBP

Leeward Investments LLC MA trimmed its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,109 shares of the construction company’s stock after selling 1,866 shares during the quarter. Installed Building Products accounts for approximately 1.1% of Leeward Investments LLC MA’s investment portfolio, making the stock its 19th largest holding. Leeward Investments LLC MA owned approximately 0.32% of Installed Building Products worth $21,240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBP. Apollon Wealth Management LLC purchased a new position in Installed Building Products during the third quarter valued at approximately $481,000. Bayforest Capital Ltd boosted its position in Installed Building Products by 180.0% during the 3rd quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock valued at $704,000 after acquiring an additional 1,834 shares in the last quarter. Blalock Williams LLC bought a new stake in Installed Building Products during the 3rd quarter valued at $792,000. Envestnet Asset Management Inc. increased its holdings in shares of Installed Building Products by 16.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock valued at $32,522,000 after acquiring an additional 18,487 shares during the period. Finally, Timucuan Asset Management Inc. FL raised its position in shares of Installed Building Products by 73.2% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after acquiring an additional 366,250 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.20% of the stock is currently owned by insiders.

Installed Building Products Stock Up 2.7%

IBP stock opened at $344.07 on Friday. The firm has a 50 day moving average of $289.77 and a 200 day moving average of $267.62. The stock has a market capitalization of $9.33 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 8.04 and a beta of 1.92. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $346.83.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IBP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a research report on Tuesday, January 13th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Vertical Research started coverage on shares of Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating on the stock. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $239.45.

Installed Building Products Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.