Public Sector Pension Investment Board Buys 11,353 Shares of Installed Building Products, Inc. $IBP

Public Sector Pension Investment Board increased its position in Installed Building Products, Inc. (NYSE:IBP) by 14.6% during the 3rd quarter, Holdings Channel reports. The firm owned 89,050 shares of the construction company’s stock after acquiring an additional 11,353 shares during the quarter. Public Sector Pension Investment Board’s holdings in Installed Building Products were worth $21,965,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after purchasing an additional 486 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Installed Building Products during the first quarter valued at $263,000. Jane Street Group LLC raised its holdings in shares of Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 12,545 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in Installed Building Products in the second quarter worth about $220,000. Finally, Bayforest Capital Ltd purchased a new stake in Installed Building Products in the second quarter worth about $184,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Trading Up 2.7%

NYSE:IBP opened at $344.07 on Friday. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 7.82 and a beta of 1.92. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $346.83. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $289.77 and a 200 day moving average of $267.20.

Insider Activity at Installed Building Products

In other news, Director Michael H. Thomas sold 2,001 shares of the firm’s 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. This trade represents a 19.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IBP shares. Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Jefferies Financial Group boosted their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Vertical Research initiated coverage on Installed Building Products in a report on Monday, October 20th. They set a “sell” rating for the company. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. One equities research 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.com, Installed Building Products has a consensus rating of “Reduce” and a consensus target price of $239.45.

Installed Building Products Company 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.