Choreo LLC Has $377,000 Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Choreo LLC lifted its stake in Installed Building Products, Inc. (NYSE:IBP) by 68.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,158 shares of the construction company’s stock after purchasing an additional 875 shares during the quarter. Choreo LLC’s holdings in Installed Building Products were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products in the third quarter worth about $29,000. GHP Investment Advisors Inc. lifted its holdings in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares during the period. Quarry LP grew its holdings in Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after purchasing an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of Installed Building Products in the third quarter valued at approximately $111,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Price Performance

IBP stock opened at $178.14 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a 52-week low of $169.02 and a 52-week high of $281.04. The company has a market capitalization of $5.01 billion, a P/E ratio of 19.79 and a beta of 1.99. The company has a fifty day moving average price of $189.71 and a 200-day moving average price of $213.61.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. DA Davidson reduced their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group reduced their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their price objective for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $240.40.

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.