Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in Installed Building Products, Inc. (NYSE:IBP) by 7.3% during the 4th quarter, Holdings Channel reports. The fund owned 67,680 shares of the construction company’s stock after selling 5,298 shares during the quarter. Leeward Investments LLC MA’s holdings in Installed Building Products were worth $11,861,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its holdings in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Blue Trust Inc. raised its holdings in Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after acquiring an additional 92 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Installed Building Products by 8.9% in the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock valued at $274,000 after acquiring an additional 128 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Installed Building Products by 15.3% in the third quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock valued at $255,000 after acquiring an additional 137 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Installed Building Products by 4.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,425 shares of the construction company’s stock valued at $843,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Shares of IBP opened at $165.23 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.65 billion, a PE ratio of 18.36 and a beta of 1.99. The company’s 50 day simple moving average is $184.69 and its 200-day simple moving average is $210.08. Installed Building Products, Inc. has a 12-month low of $163.14 and a 12-month high of $281.04.

Analysts Set New Price Targets

Several brokerages recently weighed in on IBP. The Goldman Sachs Group reduced their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their target price for the company from $238.00 to $206.00 in a report on Monday, December 16th. DA Davidson reduced their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Installed Building Products has an average rating of “Hold” and an average price target of $240.40.

About Installed Building Products

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.