Emerald Mutual Fund Advisers Trust Sells 5,257 Shares of Installed Building Products, Inc. (NYSE:IBP)

Emerald Mutual Fund Advisers Trust lessened its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,187 shares of the construction company’s stock after selling 5,257 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Installed Building Products were worth $5,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Installed Building Products in the first quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in Installed Building Products in the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. increased its holdings in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after buying an additional 78 shares during the period. CWM LLC raised its position in Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after buying an additional 62 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Installed Building Products during the 1st quarter valued at approximately $68,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their target price on Installed Building Products from $201.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Stephens reiterated an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. Finally, Evercore ISI upped their price objective on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $254.40.

Installed Building Products Trading Down 0.0 %

Shares of NYSE:IBP opened at $216.85 on Monday. The business’s 50 day moving average price is $231.24 and its 200-day moving average price is $225.40. Installed Building Products, Inc. has a 1 year low of $115.25 and a 1 year high of $281.04. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 24.20 and a beta of 1.95. 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 earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.13. The company had revenue of $737.60 million for the quarter, compared to analysts’ expectations of $743.86 million. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. On average, equities research analysts forecast that Installed Building Products, Inc. will post 11 earnings per share for the current fiscal year.

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.