Leeward Investments LLC MA Acquires New Shares in Installed Building Products, Inc. (NYSE:IBP)

Leeward Investments LLC MA purchased a new stake in Installed Building Products, Inc. (NYSE:IBP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 72,978 shares of the construction company’s stock, valued at approximately $17,972,000.

A number of other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Installed Building Products in the first quarter worth $29,000. Sequoia Financial Advisors LLC bought a new position in shares of Installed Building Products in the 1st quarter valued at about $238,000. BNP Paribas Financial Markets grew its holdings in shares of Installed Building Products by 11.8% in the 1st quarter. BNP Paribas Financial Markets now owns 29,278 shares of the construction company’s stock valued at $7,575,000 after acquiring an additional 3,096 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Installed Building Products by 0.7% in the first quarter. Texas Permanent School Fund Corp now owns 20,517 shares of the construction company’s stock valued at $5,308,000 after acquiring an additional 147 shares during the last quarter. Finally, Duality Advisers LP raised its holdings in Installed Building Products by 32.2% during the first quarter. Duality Advisers LP now owns 13,899 shares of the construction company’s stock worth $3,596,000 after acquiring an additional 3,389 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBP has been the topic of a number of analyst reports. Truist Financial upped their price objective on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Stephens reaffirmed an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a research report on Monday, August 5th. Evercore ISI increased their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group increased their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average target price of $254.40.

Installed Building Products Stock Performance

NYSE:IBP opened at $227.69 on Thursday. The stock’s 50-day moving average is $231.40 and its 200-day moving average is $225.47. The stock has a market cap of $6.43 billion, a P/E ratio of 25.41 and a beta of 1.95. Installed Building Products, Inc. has a 1-year low of $115.25 and a 1-year high of $281.04. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24.

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.