Ameritas Investment Partners Inc. grew its position in Installed Building Products, Inc. (NYSE:IBP) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,894 shares of the construction company’s stock after buying an additional 198 shares during the period. Ameritas Investment Partners Inc.’s holdings in Installed Building Products were worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Installed Building Products by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,829,787 shares of the construction company’s stock valued at $149,836,000 after buying an additional 84,555 shares during the period. Vanguard Group Inc. grew its stake in shares of Installed Building Products by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,046,278 shares of the construction company’s stock valued at $55,400,000 after buying an additional 37,019 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Installed Building Products by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 809,581 shares of the construction company’s stock valued at $42,867,000 after buying an additional 20,210 shares during the period. State Street Corp grew its stake in shares of Installed Building Products by 7.2% in the 2nd quarter. State Street Corp now owns 584,897 shares of the construction company’s stock valued at $30,963,000 after buying an additional 39,302 shares during the period. Finally, Pembroke Management LTD grew its stake in shares of Installed Building Products by 12.6% in the 2nd quarter. Pembroke Management LTD now owns 378,300 shares of the construction company’s stock valued at $20,030,000 after buying an additional 42,400 shares during the period. 64.84% of the stock is owned by institutional investors and hedge funds.

Installed Building Products, Inc. (IBP) opened at $62.85 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.70. Installed Building Products, Inc. has a fifty-two week low of $37.05 and a fifty-two week high of $70.25. The company has a market cap of $1,935.65, a P/E ratio of 46.37 and a beta of 0.84.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Friday, November 3rd. The construction company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The company had revenue of $295.20 million during the quarter, compared to analyst estimates of $292.51 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year. research analysts anticipate that Installed Building Products, Inc. will post 1.48 earnings per share for the current year.

In other news, Director J Michael Nixon sold 13,820 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $60.00, for a total value of $829,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael Thomas Miller sold 7,430 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $60.00, for a total transaction of $445,800.00. Following the completion of the transaction, the chief financial officer now owns 32,086 shares in the company, valued at $1,925,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,742 shares of company stock worth $10,206,414. Company insiders own 32.90% of the company’s stock.

Several analysts have recently weighed in on IBP shares. BidaskClub raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. KeyCorp reissued a “hold” rating on shares of Installed Building Products in a research note on Wednesday, November 1st. Credit Suisse Group set a $73.00 price target on shares of Installed Building Products and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $69.00 price target on shares of Installed Building Products in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $67.17.

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Installed Building Products Profile

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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