Installed Building Products, Inc. (NYSE:IBP) Stock Holdings Boosted by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,447 shares of the construction company’s stock after purchasing an additional 4,711 shares during the quarter. Van ECK Associates Corp owned about 0.09% of Installed Building Products worth $4,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBP. GHP Investment Advisors Inc. boosted its stake in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock worth $220,000 after buying an additional 92 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products in the third quarter worth $29,000. TD Private Client Wealth LLC boosted its position in shares of Installed Building Products by 15.3% in the third quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock worth $255,000 after buying an additional 137 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Installed Building Products by 4.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,425 shares of the construction company’s stock worth $843,000 after buying an additional 140 shares during the period. 99.61% of the stock is owned by institutional investors.

Installed Building Products Trading Down 2.4 %

Shares of NYSE:IBP opened at $173.73 on Wednesday. The company has a market cap of $4.89 billion, a P/E ratio of 19.30 and a beta of 1.99. The stock’s 50-day moving average is $187.49 and its 200-day moving average is $211.53. Installed Building Products, Inc. has a 52-week low of $169.02 and a 52-week high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Analyst Ratings Changes

IBP has been the subject of several recent analyst reports. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday. The Goldman Sachs Group decreased their target price 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. JPMorgan Chase & Co. raised their target price on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $203.00 to $197.00 in a 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.