Stifel Financial Corp increased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 31.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,388 shares of the construction company’s stock after buying an additional 55,924 shares during the period. Stifel Financial Corp owned 0.73% of Installed Building Products worth $15,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Installed Building Products by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 852,519 shares of the construction company’s stock valued at $55,243,000 after purchasing an additional 42,938 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Installed Building Products by 5.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 97,703 shares of the construction company’s stock valued at $6,332,000 after purchasing an additional 5,257 shares in the last quarter. Wells Fargo & Company MN raised its position in Installed Building Products by 22.6% during the third quarter. Wells Fargo & Company MN now owns 41,030 shares of the construction company’s stock valued at $2,659,000 after purchasing an additional 7,556 shares in the last quarter. JPMorgan Chase & Co. raised its position in Installed Building Products by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 31,385 shares of the construction company’s stock valued at $2,005,000 after purchasing an additional 13,736 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Installed Building Products by 19.7% during the third quarter. Legal & General Group Plc now owns 44,090 shares of the construction company’s stock valued at $2,857,000 after purchasing an additional 7,271 shares in the last quarter. Institutional investors own 65.91% of the company’s stock.

Several brokerages have commented on IBP. Zacks Investment Research downgraded shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. KeyCorp restated a “hold” rating on shares of Installed Building Products in a research report on Tuesday, September 26th. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price objective on shares of Installed Building Products in a research report on Monday, October 16th. Finally, Credit Suisse Group set a $73.00 price objective on shares of Installed Building Products and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Installed Building Products presently has an average rating of “Buy” and an average price target of $67.17.

In other Installed Building Products news, Director J Michael Nixon sold 50,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $65.00, for a total transaction of $3,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey W. Edwards sold 200,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $74.25, for a total transaction of $14,850,000.00. Following the sale, the chief executive officer now directly owns 504,800 shares in the company, valued at approximately $37,481,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 363,781 shares of company stock worth $24,938,754. Insiders own 32.90% of the company’s stock.

Installed Building Products, Inc. (IBP) traded down $1.60 during midday trading on Friday, hitting $72.65. 323,700 shares of the company’s stock were exchanged, compared to its average volume of 153,365. The company has a market capitalization of $2,365.79, a PE ratio of 56.68 and a beta of 0.87. Installed Building Products, Inc. has a 12-month low of $39.95 and a 12-month high of $79.40. The company has a current ratio of 2.22, a quick ratio of 1.93 and a debt-to-equity ratio of 1.70.

Installed Building Products (NYSE:IBP) last posted its earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The company had revenue of $295.20 million for the quarter, compared to the consensus estimate of $292.51 million. Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. analysts expect that Installed Building Products, Inc. will post 1.46 EPS for the current year.

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Installed Building Products Company Profile

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

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Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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