New York State Common Retirement Fund Grows Holdings in Installed Building Products, Inc. $IBP

New York State Common Retirement Fund lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 21.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,366 shares of the construction company’s stock after acquiring an additional 22,027 shares during the quarter. New York State Common Retirement Fund owned 0.46% of Installed Building Products worth $30,676,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Curio Wealth LLC raised its holdings in Installed Building Products by 16,800.0% in the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after purchasing an additional 168 shares during the period. SRH Advisors LLC increased its position in shares of Installed Building Products by 70.8% in the second quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after buying an additional 85 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $42,000. Farther Finance Advisors LLC lifted its position in shares of Installed Building Products by 31.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after buying an additional 54 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Installed Building Products by 14.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after buying an additional 54 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on IBP. Royal Bank Of Canada boosted their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $245.00 target price on shares of Installed Building Products in a report on Tuesday, January 13th. Finally, Weiss Ratings downgraded Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $235.36.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $288.77 on Friday. The business’s 50 day moving average price is $278.54 and its 200 day moving average price is $258.35. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 5.40 and a beta of 1.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $317.86.

Installed Building Products (NYSE:IBP) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The business had revenue of $778.20 million during the quarter, compared to the consensus estimate of $751.98 million. During the same period last year, the company earned $2.85 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the transaction, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is owned by insiders.

About Installed Building Products

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.