Installed Building Products, Inc. (IBP) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC reduced its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 50.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,347 shares of the construction company’s stock after selling 46,557 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.14% of Installed Building Products worth $2,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Installed Building Products during the first quarter worth $120,000. Pinebridge Investments L.P. grew its stake in shares of Installed Building Products by 1.3% during the second quarter. Pinebridge Investments L.P. now owns 2,644 shares of the construction company’s stock worth $140,000 after buying an additional 34 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Installed Building Products by 12.8% during the second quarter. D.A. Davidson & CO. now owns 3,209 shares of the construction company’s stock worth $169,000 after buying an additional 364 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Installed Building Products by 79.4% during the second quarter. State of Alaska Department of Revenue now owns 3,965 shares of the construction company’s stock worth $209,000 after buying an additional 1,755 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Installed Building Products during the first quarter worth $224,000. 64.84% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products, Inc. (IBP) opened at $64.80 on Tuesday. The stock has a market cap of $2,066.30, a price-to-earnings ratio of 49.50 and a beta of 0.84. The company has a quick ratio of 1.98, a current ratio of 2.28 and a debt-to-equity ratio of 1.81. Installed Building Products, Inc. has a fifty-two week low of $33.20 and a fifty-two week high of $70.25.

Installed Building Products (NYSE:IBP) last released its earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The firm had revenue of $295.20 million during the quarter, compared to analyst estimates of $292.51 million. Installed Building Products had a net margin of 3.88% and a return on equity of 24.34%. Installed Building Products’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. equities analysts expect that Installed Building Products, Inc. will post 1.48 EPS for the current year.

IBP has been the topic of a number of research reports. Zacks Investment Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada boosted their price objective on shares of Installed Building Products from $61.00 to $69.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Deutsche Bank AG boosted their price objective on shares of Installed Building Products from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, KeyCorp reissued a “hold” rating on shares of Installed Building Products in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $67.17.

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In other news, insider Todd R. Fry sold 1,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $58.00, for a total transaction of $58,000.00. Following the transaction, the insider now owns 4,091 shares in the company, valued at $237,278. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Michael Nixon sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $65.00, for a total transaction of $3,250,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 166,742 shares of company stock worth $10,264,414. 32.90% of the stock is owned by company insiders.

Installed Building Products Company 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.

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

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