2,690 Shares in Installed Building Products, Inc. $IBP Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. purchased a new stake in Installed Building Products, Inc. (NYSE:IBP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,690 shares of the construction company’s stock, valued at approximately $664,000.

Several other large investors also recently modified their holdings of IBP. Apollon Wealth Management LLC bought a new stake in Installed Building Products during the 3rd quarter valued at $481,000. Bayforest Capital Ltd lifted its stake in shares of Installed Building Products by 180.0% in the third quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock valued at $704,000 after buying an additional 1,834 shares in the last quarter. Blalock Williams LLC acquired a new position in shares of Installed Building Products during the third quarter valued at about $792,000. Timucuan Asset Management Inc. FL increased its position in shares of Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after acquiring an additional 366,250 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Installed Building Products by 19.3% during the second quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock worth $42,930,000 after acquiring an additional 38,585 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Down 0.6%

IBP stock opened at $334.94 on Thursday. The stock has a market cap of $9.08 billion, a P/E ratio of 36.05, a P/E/G ratio of 7.87 and a beta of 1.92. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The stock’s fifty day simple moving average is $286.91 and its two-hundred day simple moving average is $265.76. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $341.60.

Insider Buying and Selling

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on IBP. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Vertical Research initiated coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating on the stock. Zacks Research downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Wells Fargo & Company increased their price target on Installed Building Products from $310.00 to $355.00 and gave the company a “cautious” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $239.45.

Installed Building Products Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.