Louisiana State Employees Retirement System Has $1.96 Million Position in Installed Building Products, Inc. (NYSE:IBP)

Louisiana State Employees Retirement System decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,200 shares of the construction company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Installed Building Products were worth $1,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Installed Building Products by 121.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock worth $3,963,000 after buying an additional 8,815 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in Installed Building Products during the third quarter worth approximately $54,499,000. Creative Planning boosted its holdings in shares of Installed Building Products by 39.6% during the third quarter. Creative Planning now owns 7,712 shares of the construction company’s stock worth $1,899,000 after acquiring an additional 2,187 shares during the period. Natixis Advisors LLC grew its position in shares of Installed Building Products by 6.4% in the third quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company’s stock valued at $18,286,000 after purchasing an additional 4,451 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Installed Building Products by 54.0% during the third quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock worth $11,633,000 after purchasing an additional 16,569 shares during the period. 99.61% of the stock is owned by institutional investors.

Installed Building Products Trading Down 0.1 %

Shares of IBP stock opened at $178.09 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a fifty-two week low of $169.02 and a fifty-two week high of $281.04. The company has a market cap of $5.01 billion, a PE ratio of 19.79 and a beta of 1.99. The stock’s fifty day moving average price is $188.28 and its two-hundred day moving average price is $212.75.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada cut shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. DA Davidson decreased their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, The Goldman Sachs Group cut their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $240.40.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.