Installed Building Products, Inc. (NYSE:IBP) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 1.7% during the 4th quarter, HoldingsChannel reports. The firm owned 11,718 shares of the construction company’s stock after buying 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 also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in 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 purchasing an additional 78 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares during the period. Quarry LP raised its holdings in shares of Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares during the period. Centaurus Financial Inc. purchased a new position in shares of Installed Building Products during the 3rd quarter worth $111,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Installed Building Products during the 3rd quarter worth $203,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 3.7 %

NYSE:IBP opened at $165.23 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of 18.36 and a beta of 1.99. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 52-week low of $163.14 and a 52-week high of $281.04. The stock has a fifty day simple moving average of $184.69 and a 200-day simple moving average of $210.08.

Analysts Set New Price Targets

Several research analysts have recently commented on IBP shares. The Goldman Sachs Group reduced their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from $203.00 to $197.00 in a report on Friday, November 8th. DA Davidson decreased their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the company from $238.00 to $206.00 in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.