Public Sector Pension Investment Board Grows Position in Installed Building Products, Inc. $IBP

Public Sector Pension Investment Board grew its position in Installed Building Products, Inc. (NYSE:IBP) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,050 shares of the construction company’s stock after acquiring an additional 11,353 shares during the quarter. Public Sector Pension Investment Board owned 0.33% of Installed Building Products worth $21,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBP. Curio Wealth LLC increased its position in Installed Building Products by 16,800.0% in the second 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 last quarter. Salomon & Ludwin LLC bought a new position in Installed Building Products during the third quarter valued at $42,000. Farther Finance Advisors LLC grew its stake in shares of Installed Building Products by 31.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after buying an additional 54 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Installed Building Products in the 3rd quarter worth about $106,000. Finally, Smartleaf Asset Management LLC raised 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.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $344.07 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The stock’s fifty day moving average is $289.77 and its two-hundred day moving average is $267.20. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $346.83. The company has a market capitalization of $9.33 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 7.82 and a beta of 1.92.

Analyst Ratings Changes

IBP has been the subject of several recent research reports. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Benchmark cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $239.45.

Insider Activity at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of the firm’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 owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.20% of the company’s stock.

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.