New York State Teachers Retirement System Purchases 200 Shares of Installed Building Products, Inc. (NYSE:IBP)

New York State Teachers Retirement System boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,718 shares of the construction company’s stock after acquiring an additional 200 shares during the period. New York State Teachers Retirement System’s holdings in Installed Building Products were worth $2,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in shares of 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 period. Advisors Asset Management Inc. lifted its position in shares of Installed Building Products by 152.2% in the 3rd 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 lifted its position in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after acquiring an additional 286 shares during the period. Centaurus Financial Inc. purchased a new position in Installed Building Products during the 3rd quarter valued at about $111,000. Finally, Verdence Capital Advisors LLC purchased a new position in Installed Building Products during the 3rd quarter valued at about $203,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

IBP opened at $165.23 on Friday. Installed Building Products, Inc. has a 12-month low of $163.14 and a 12-month high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.65 billion, a PE ratio of 18.36 and a beta of 1.99. The firm has a 50 day moving average of $184.69 and a two-hundred day moving average of $210.08.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBP. The Goldman Sachs Group lowered their price target on shares of 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. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday. DA Davidson decreased their target price 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. Finally, Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $240.40.

About Installed Building Products

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.