Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. raised its position in Installed Building Products, Inc. (NYSE:IBP) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 373,458 shares of the construction company’s stock after purchasing an additional 25,971 shares during the quarter. Van Berkom & Associates Inc. owned about 1.33% of Installed Building Products worth $65,449,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after buying an additional 367,628 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in Installed Building Products in the third quarter valued at $54,499,000. Wellington Management Group LLP acquired a new position in shares of Installed Building Products in the 3rd quarter valued at $34,635,000. State Street Corp grew its holdings in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after purchasing an additional 96,780 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after purchasing an additional 83,205 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Up 0.4 %

Shares of NYSE IBP opened at $171.65 on Friday. Installed Building Products, Inc. has a 12-month low of $167.24 and a 12-month high of $281.04. The stock has a market cap of $4.83 billion, a P/E ratio of 19.07 and a beta of 1.99. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $185.35 and its 200-day simple moving average is $210.57.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price objective for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. DA Davidson cut 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. Finally, The Goldman Sachs Group decreased their price target 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.