Installed Building Products, Inc. $IBP Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in Installed Building Products, Inc. (NYSE:IBP) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,109 shares of the construction company’s stock after selling 1,866 shares during the period. Installed Building Products comprises 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 19th biggest position. Leeward Investments LLC MA’s holdings in Installed Building Products were worth $21,240,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Curio Wealth LLC lifted its position in Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $30,000 after purchasing an additional 168 shares during the period. Salomon & Ludwin LLC acquired a new stake in Installed Building Products during the 3rd quarter worth about $42,000. Farther Finance Advisors LLC raised its stake in shares of Installed Building Products by 31.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after buying an additional 54 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after buying an additional 54 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of Installed Building Products in the third quarter worth about $106,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IBP shares. Wells Fargo & Company raised their target price on Installed Building Products from $310.00 to $355.00 and gave the stock a “cautious” rating in a report on Wednesday. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Jefferies Financial Group lifted their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Royal Bank Of Canada boosted their target price on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Finally, Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $239.45.

Insider Buying and Selling

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the transaction, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 16.20% of the company’s stock.

Installed Building Products Stock Up 2.7%

Installed Building Products stock opened at $344.07 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28. The stock has a market capitalization of $9.33 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 8.04 and a beta of 1.92. The business has a 50 day simple moving average of $289.77 and a 200-day simple moving average of $267.62. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $346.83.

Installed Building Products Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.