Jacobson & Schmitt Advisors LLC Grows Stake in Installed Building Products, Inc. (NYSE:IBP)

Jacobson & Schmitt Advisors LLC boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 33.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,528 shares of the construction company’s stock after purchasing an additional 12,731 shares during the period. Jacobson & Schmitt Advisors LLC owned about 0.18% of Installed Building Products worth $8,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IBP. Creative Planning increased 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 valued at $1,899,000 after purchasing an additional 2,187 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Installed Building Products in the 3rd quarter valued at approximately $257,000. Moody Aldrich Partners LLC purchased a new position in Installed Building Products during the third quarter worth $3,980,000. Arkadios Wealth Advisors increased its position in Installed Building Products by 33.5% during the third quarter. Arkadios Wealth Advisors now owns 3,398 shares of the construction company’s stock worth $837,000 after buying an additional 853 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Installed Building Products during the third quarter worth $414,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBP has been the subject of several recent research reports. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, DA Davidson dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Hold” and a consensus price target of $240.40.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $171.29 on Thursday. Installed Building Products, Inc. has a 52 week low of $167.24 and a 52 week high of $281.04. The company has a market cap of $4.82 billion, a P/E ratio of 19.03 and a beta of 1.99. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $186.04 and a 200-day simple moving average of $210.85.

Installed Building Products Company 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.