11,436 Shares in Installed Building Products, Inc. $IBP Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,436 shares of the construction company’s stock, valued at approximately $2,821,000.

A number of other large investors have also added to or reduced their stakes in the company. Timucuan Asset Management Inc. FL raised its stake in shares of Installed Building Products by 73.2% during the 2nd 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. Eminence Capital LP increased its position in shares of Installed Building Products by 48.5% during the second quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after purchasing an additional 308,717 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Installed Building Products by 4,659.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock valued at $30,996,000 after purchasing an additional 168,285 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Installed Building Products by 84.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock valued at $49,893,000 after purchasing an additional 126,435 shares during the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new position in Installed Building Products during the 2nd quarter worth $13,880,000. 99.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBP has been the subject of several recent analyst reports. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Evercore set a $265.00 target price on shares of Installed Building Products in a research report on Thursday, November 6th. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Installed Building Products from $310.00 to $355.00 and gave the stock a “cautious” rating in a research note on Wednesday, February 11th. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $239.45.

Installed Building Products Stock Performance

IBP opened at $320.12 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The firm has a 50 day moving average of $297.46 and a two-hundred day moving average of $273.22. The firm has a market capitalization of $8.68 billion, a PE ratio of 34.46, a P/E/G ratio of 7.46 and a beta of 1.92.

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.