James Investment Research Inc. Sells 66 Shares of Installed Building Products, Inc. (NYSE:IBP)

James Investment Research Inc. reduced its position in Installed Building Products, Inc. (NYSE:IBP) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 7,875 shares of the construction company’s stock after selling 66 shares during the period. James Investment Research Inc.’s holdings in Installed Building Products were worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Securities Inc. boosted its stake in Installed Building Products by 20.0% during the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock worth $196,000 after acquiring an additional 186 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Installed Building Products by 1.7% during the fourth quarter. New York State Teachers Retirement System now owns 11,718 shares of the construction company’s stock worth $2,054,000 after acquiring an additional 200 shares in the last quarter. Van ECK Associates Corp boosted its stake in Installed Building Products by 21.7% during the fourth quarter. Van ECK Associates Corp now owns 26,447 shares of the construction company’s stock worth $4,635,000 after acquiring an additional 4,711 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 83,205 shares in the last quarter. Finally, WCM Investment Management LLC boosted its stake in Installed Building Products by 49.7% during the fourth quarter. WCM Investment Management LLC now owns 91,415 shares of the construction company’s stock worth $15,950,000 after acquiring an additional 30,364 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI downgraded 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 report on Monday, December 16th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Seaport Res Ptn downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $240.40.

Installed Building Products Stock Performance

Shares of IBP stock opened at $178.09 on Friday. The firm has a 50-day moving average of $188.28 and a 200-day moving average of $212.35. The company has a market cap of $5.01 billion, a P/E ratio of 19.79 and a beta of 1.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a one year low of $169.02 and a one year high of $281.04.

About Installed Building Products

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.