Vestmark Advisory Solutions Inc. Takes Position in Installed Building Products, Inc. $IBP

Vestmark Advisory Solutions Inc. bought a new position in Installed Building Products, Inc. (NYSE:IBP) during the third quarter, Holdings Channel reports. The firm bought 11,436 shares of the construction company’s stock, valued at approximately $2,821,000.

Several other institutional investors also recently bought and sold shares of IBP. Salomon & Ludwin LLC acquired a new position in Installed Building Products in the third quarter valued at approximately $42,000. Farther Finance Advisors LLC increased its holdings in shares of Installed Building Products by 31.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after purchasing an additional 54 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of Installed Building Products during the 3rd quarter valued at approximately $106,000. Smartleaf Asset Management LLC lifted its stake in shares of Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after purchasing an additional 54 shares during the period. Finally, Covestor Ltd boosted its holdings in Installed Building Products by 16.4% during the third quarter. Covestor Ltd now owns 526 shares of the construction company’s stock worth $130,000 after buying an additional 74 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $320.12 on Wednesday. The stock has a market capitalization of $8.68 billion, a P/E ratio of 34.46, a PEG ratio of 7.46 and a beta of 1.92. The business has a 50 day simple moving average of $297.46 and a two-hundred day simple moving average of $273.22. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $349.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Jefferies Financial Group upped their price target on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada boosted their price objective on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, 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.