Zions Bancorporation National Association UT Cuts Position in Installed Building Products, Inc. $IBP

Zions Bancorporation National Association UT decreased its stake in Installed Building Products, Inc. (NYSE:IBP) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,569 shares of the construction company’s stock after selling 1,863 shares during the period. Zions Bancorporation National Association UT’s holdings in Installed Building Products were worth $3,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Curio Wealth LLC lifted its position in shares of Installed Building Products by 16,800.0% during the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $30,000 after acquiring an additional 168 shares during the period. Salomon & Ludwin LLC acquired a new position in Installed Building Products during the third quarter worth $42,000. Farther Finance Advisors LLC boosted its position in Installed Building Products by 31.8% during the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after purchasing an additional 54 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Installed Building Products in the third quarter valued at $106,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 14.0% in the second 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 in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

NYSE:IBP opened at $344.07 on Monday. 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 firm has a market cap of $9.33 billion, a PE ratio of 37.04, a P/E/G ratio of 8.04 and a beta of 1.92. The firm has a 50 day simple moving average of $289.77 and a 200-day simple moving average of $268.07. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $346.83.

Insider Buying and Selling at Installed Building Products

In other news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

IBP has been the topic of several recent research reports. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Jefferies Financial Group upped their price target 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. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Vertical Research began coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating for the company. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $245.00 target price on shares of Installed Building Products in a research note on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Installed Building Products has a consensus rating of “Reduce” and a consensus price target of $239.45.

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.