Leeward Investments LLC MA Reduces Position in Installed Building Products, Inc. (NYSE:IBP)

Leeward Investments LLC MA decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,680 shares of the construction company’s stock after selling 5,298 shares during the quarter. Leeward Investments LLC MA owned about 0.24% of Installed Building Products worth $11,861,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. GHP Investment Advisors Inc. grew its holdings in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after purchasing an additional 92 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Installed Building Products by 8.9% in the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock valued at $274,000 after purchasing an additional 128 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Installed Building Products by 15.3% in the third quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock valued at $255,000 after purchasing an additional 137 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Installed Building Products by 4.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,425 shares of the construction company’s stock valued at $843,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $238.00 to $206.00 in a report on Monday, December 16th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday. The Goldman Sachs Group decreased their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $240.40.

Installed Building Products Stock Down 3.7 %

Shares of IBP opened at $165.23 on Friday. The stock has a market capitalization of $4.65 billion, a PE ratio of 18.36 and a beta of 1.99. Installed Building Products, Inc. has a 1 year low of $163.14 and a 1 year high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company’s 50-day simple moving average is $184.69 and its 200-day simple moving average is $210.08.

Installed Building Products Company Profile

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.