Installed Building Products Inc (IBP) Shares Bought by NumerixS Investment Technologies Inc

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NumerixS Investment Technologies Inc increased its stake in shares of Installed Building Products Inc (NYSE:IBP) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the construction company’s stock after purchasing an additional 1,200 shares during the period. NumerixS Investment Technologies Inc’s holdings in Installed Building Products were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Installed Building Products by 5.7% during the 3rd quarter. BlackRock Inc. now owns 3,350,626 shares of the construction company’s stock worth $130,675,000 after purchasing an additional 179,725 shares during the last quarter. Vanguard Group Inc raised its position in shares of Installed Building Products by 7.1% during the 3rd quarter. Vanguard Group Inc now owns 2,168,058 shares of the construction company’s stock worth $84,553,000 after purchasing an additional 142,853 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Installed Building Products by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,168,058 shares of the construction company’s stock worth $84,553,000 after purchasing an additional 142,853 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Installed Building Products by 11.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 790,120 shares of the construction company’s stock worth $30,815,000 after purchasing an additional 80,105 shares during the last quarter. Finally, FMR LLC raised its position in shares of Installed Building Products by 23.5% during the 3rd quarter. FMR LLC now owns 525,991 shares of the construction company’s stock worth $20,513,000 after purchasing an additional 99,986 shares during the last quarter. Hedge funds and other institutional investors own 68.65% of the company’s stock.

IBP has been the subject of several research analyst reports. Deutsche Bank downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and reduced their price target for the stock from $44.00 to $38.00 in a research report on Tuesday, December 4th. SunTrust Banks downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Jefferies Financial Group downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and cut their price objective for the company from $48.00 to $40.00 in a report on Wednesday, January 16th. Finally, Credit Suisse Group set a $45.00 price objective on shares of Installed Building Products and gave the company a “hold” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.77.

IBP stock opened at $44.34 on Friday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 2.39, a current ratio of 2.27 and a quick ratio of 1.93. Installed Building Products Inc has a 12 month low of $29.24 and a 12 month high of $65.85.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, February 28th. The construction company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The company had revenue of $353.10 million during the quarter, compared to the consensus estimate of $346.30 million. Installed Building Products had a net margin of 4.10% and a return on equity of 37.15%. Installed Building Products’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts expect that Installed Building Products Inc will post 2.85 earnings per share for the current year.

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 97,749 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $46.34, for a total value of $4,529,688.66. Following the completion of the sale, the chief executive officer now owns 124,323 shares in the company, valued at approximately $5,761,127.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Edwards sold 102,251 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $44.97, for a total transaction of $4,598,227.47. Following the sale, the chief executive officer now owns 124,323 shares of the company’s stock, valued at approximately $5,590,805.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,500 shares of company stock valued at $13,637,701. 31.10% of the stock is owned by insiders.

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Installed Building Products Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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

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