Jacobson & Schmitt Advisors LLC Sells 12,557 Shares of Installed Building Products, Inc. $IBP

Jacobson & Schmitt Advisors LLC lowered its position in Installed Building Products, Inc. (NYSE:IBP) by 15.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 68,106 shares of the construction company’s stock after selling 12,557 shares during the period. Installed Building Products comprises approximately 2.9% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 12th largest position. Jacobson & Schmitt Advisors LLC’s holdings in Installed Building Products were worth $16,799,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IBP. Quantum Private Wealth LLC purchased a new stake in shares of Installed Building Products in the 3rd quarter valued at $315,000. Vestmark Advisory Solutions Inc. purchased a new position in Installed Building Products in the 3rd quarter worth $2,821,000. Semanteon Capital Management LP bought a new stake in Installed Building Products in the third quarter worth $566,000. Citigroup Inc. boosted its position in Installed Building Products by 82.2% during the third quarter. Citigroup Inc. now owns 86,089 shares of the construction company’s stock valued at $21,235,000 after buying an additional 38,828 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in shares of Installed Building Products by 17.4% during the third quarter. Personal CFO Solutions LLC now owns 1,314 shares of the construction company’s stock valued at $324,000 after buying an additional 195 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

IBP opened at $320.12 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The stock has a market capitalization of $8.68 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 7.46 and a beta of 1.92. The stock’s 50 day moving average price is $297.46 and its 200-day moving average price is $273.22. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00.

Analyst Ratings Changes

IBP has been the subject of a number of recent research reports. Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Evercore set a $265.00 price target on Installed Building Products in a research note on Thursday, November 6th. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Jefferies Financial Group lifted their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Finally, Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $239.45.

Installed Building Products Company 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.