Fisher Funds Management LTD Takes Position in Installed Building Products, Inc. (NYSE:IBP)

Fisher Funds Management LTD acquired a new stake in Installed Building Products, Inc. (NYSE:IBP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 70,131 shares of the construction company’s stock, valued at approximately $12,309,000. Fisher Funds Management LTD owned 0.25% of Installed Building Products as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its position in shares of Installed Building Products by 39.6% in the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company’s stock worth $1,899,000 after buying an additional 2,187 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Installed Building Products during the 3rd quarter worth about $257,000. Arkadios Wealth Advisors raised its holdings in Installed Building Products by 33.5% in the third quarter. Arkadios Wealth Advisors now owns 3,398 shares of the construction company’s stock valued at $837,000 after buying an additional 853 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Installed Building Products in the third quarter valued at approximately $414,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Trading Down 3.7 %

NYSE:IBP opened at $165.23 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a fifty-two week low of $163.14 and a fifty-two week high of $281.04. The stock’s 50-day moving average is $184.69 and its two-hundred day moving average is $210.08. The stock has a market cap of $4.65 billion, a PE ratio of 18.36 and a beta of 1.99.

Wall Street Analyst Weigh In

IBP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group cut their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI cut 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 note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average price target of $240.40.

Installed Building Products 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.