James Investment Research Inc. Has $1.38 Million Stake in Installed Building Products, Inc. (NYSE:IBP)

James Investment Research Inc. decreased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,875 shares of the construction company’s stock after selling 66 shares during the quarter. James Investment Research Inc.’s holdings in Installed Building Products were worth $1,380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IBP. Creative Planning raised its stake in Installed Building Products by 39.6% in the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company’s stock worth $1,899,000 after purchasing an additional 2,187 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $29,000. Inspire Advisors LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $222,000. Vest Financial LLC raised its position in shares of Installed Building Products by 9.9% in the 3rd quarter. Vest Financial LLC now owns 6,220 shares of the construction company’s stock valued at $1,532,000 after buying an additional 561 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $257,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 0.1 %

IBP opened at $178.09 on Friday. Installed Building Products, Inc. has a fifty-two week low of $169.02 and a fifty-two week high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 19.79 and a beta of 1.99. The company’s 50 day moving average price is $188.28 and its two-hundred day moving average price is $212.35.

Analysts Set New Price Targets

Several equities analysts have recently commented on IBP shares. Royal Bank of Canada cut shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. DA Davidson lowered their price objective on shares of 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, JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $240.40.

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.