PDS Planning Inc Purchases Shares of 855 Installed Building Products, Inc. (NYSE:IBP)

PDS Planning Inc acquired a new position in Installed Building Products, Inc. (NYSE:IBP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 855 shares of the construction company’s stock, valued at approximately $211,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Installed Building Products by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock valued at $683,421,000 after buying an additional 18,890 shares during the last quarter. Duality Advisers LP grew its stake in shares of Installed Building Products by 32.2% in the first quarter. Duality Advisers LP now owns 13,899 shares of the construction company’s stock worth $3,596,000 after acquiring an additional 3,389 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Installed Building Products during the first quarter worth $564,000. Swedbank AB raised its stake in Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock valued at $85,357,000 after purchasing an additional 43,000 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Installed Building Products by 456.2% in the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company’s stock valued at $784,000 after purchasing an additional 3,125 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBP shares. Royal Bank of Canada boosted their price objective on shares of Installed Building Products from $201.00 to $203.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price objective on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $254.40.

Installed Building Products Stock Up 5.2 %

Shares of NYSE IBP opened at $232.56 on Wednesday. Installed Building Products, Inc. has a 52-week low of $115.25 and a 52-week high of $281.04. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. The business has a fifty day moving average of $231.26 and a two-hundred day moving average of $225.46. The stock has a market cap of $6.57 billion, a PE ratio of 25.95 and a beta of 1.95.

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.