2,500 Shares in Installed Building Products, Inc. $IBP Bought by Cibc World Market Inc.

Cibc World Market Inc. purchased a new position in Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,500 shares of the construction company’s stock, valued at approximately $617,000.

Other hedge funds have also bought and sold shares of the company. Curio Wealth LLC lifted its holdings in shares of Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $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 3rd quarter valued at approximately $42,000. Farther Finance Advisors LLC raised its stake in Installed Building Products by 31.8% during the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after buying an additional 54 shares during the last quarter. Federated Hermes Inc. bought a new stake in Installed Building Products in the third quarter worth $106,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Installed Building Products by 14.0% in the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock worth $78,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the sale, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

IBP has been the subject of several recent analyst reports. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. Jefferies Financial Group boosted their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Finally, Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Installed Building Products currently has an average rating of “Reduce” and a consensus price target of $239.45.

Installed Building Products Stock Down 2.5%

IBP opened at $327.89 on Thursday. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $349.00. The company has a market capitalization of $8.89 billion, a PE ratio of 35.30, a PEG ratio of 7.86 and a beta of 1.92. The firm’s 50 day simple moving average is $293.59 and its two-hundred day simple moving average is $270.39.

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.