Zions Bancorporation National Association UT Decreases Position in Installed Building Products, Inc. $IBP

Zions Bancorporation National Association UT decreased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,569 shares of the construction company’s stock after selling 1,863 shares during the period. Zions Bancorporation National Association UT’s holdings in Installed Building Products were worth $3,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Timucuan Asset Management Inc. FL raised its position in 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 valued at $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Eminence Capital LP grew its holdings in Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after acquiring an additional 308,717 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock valued at $30,996,000 after purchasing an additional 168,285 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Installed Building Products by 84.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock valued at $49,893,000 after purchasing an additional 126,435 shares in the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new stake in shares of Installed Building Products during the 2nd quarter worth $13,880,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IBP shares. Evercore set a $265.00 price objective on shares of Installed Building Products in a research report on Thursday, November 6th. Royal Bank Of Canada upped their price objective on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wells Fargo & Company upped their target price on Installed Building Products from $310.00 to $355.00 and gave the company a “cautious” rating in a research report on Wednesday. Finally, Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $239.45.

Insiders Place Their Bets

In other news, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.20% of the company’s stock.

Installed Building Products Stock Up 2.7%

Shares of Installed Building Products stock opened at $344.07 on Monday. The company has a market cap of $9.33 billion, a P/E ratio of 37.04, a PEG ratio of 8.04 and a beta of 1.92. The firm has a fifty day moving average of $289.77 and a two-hundred day moving average of $268.07. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $346.83.

Installed Building Products Company 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.