Livforsakringsbolaget Skandia Omsesidigt Trims Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Installed Building Products, Inc. (NYSE:IBP) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,600 shares of the construction company’s stock after selling 1,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Installed Building Products were worth $2,208,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Installed Building Products during the third quarter worth approximately $29,000. GHP Investment Advisors Inc. boosted its holdings in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares during the period. Quarry LP lifted its holdings in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after purchasing an additional 286 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Installed Building Products during the third quarter worth $111,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. DA Davidson dropped their price target on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $240.40.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $191.23 on Friday. The business’s 50 day moving average price is $193.81 and its two-hundred day moving average price is $215.93. The company has a market cap of $5.38 billion, a PE ratio of 21.25 and a beta of 1.99. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a twelve month low of $169.02 and a twelve month high of $281.04.

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.