Emerald Advisers LLC Acquires 1,419 Shares of Installed Building Products, Inc. (NYSE:IBP)

Emerald Advisers LLC increased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,656 shares of the construction company’s stock after purchasing an additional 1,419 shares during the quarter. Emerald Advisers LLC owned approximately 0.19% of Installed Building Products worth $13,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Installed Building Products in the first quarter worth about $29,000. Van ECK Associates Corp lifted its holdings in Installed Building Products by 17.6% in the first quarter. Van ECK Associates Corp now owns 14,904 shares of the construction company’s stock worth $3,856,000 after buying an additional 2,234 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Installed Building Products in the first quarter worth about $238,000. BNP Paribas Financial Markets lifted its holdings in Installed Building Products by 11.8% in the first quarter. BNP Paribas Financial Markets now owns 29,278 shares of the construction company’s stock worth $7,575,000 after buying an additional 3,096 shares during the period. Finally, PDS Planning Inc purchased a new stake in Installed Building Products in the first quarter worth about $221,000. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Down 0.0 %

NYSE IBP traded down $0.05 during mid-day trading on Friday, reaching $216.85. The stock had a trading volume of 223,828 shares, compared to its average volume of 254,472. Installed Building Products, Inc. has a 1 year low of $115.25 and a 1 year high of $281.04. The stock has a market cap of $6.12 billion, a PE ratio of 24.20 and a beta of 1.95. The company has a fifty day moving average price of $231.24 and a 200 day moving average price of $225.39. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.13. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. The company had revenue of $737.60 million during the quarter, compared to analyst estimates of $743.86 million. On average, research analysts expect that Installed Building Products, Inc. will post 11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on IBP shares. Stephens restated an “equal weight” rating and issued a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. The Goldman Sachs Group lifted their target price on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Evercore ISI lifted their target price on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Truist Financial lifted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and an average target price of $254.40.

Installed Building Products 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.