Livforsakringsbolaget Skandia Omsesidigt Sells 1,000 Shares of Installed Building Products, Inc. (NYSE:IBP)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in Installed Building Products, Inc. (NYSE:IBP) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the construction company’s stock after selling 1,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Installed Building Products were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after purchasing an additional 367,628 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Installed Building Products during the 3rd quarter valued at $54,499,000. Wellington Management Group LLP purchased a new position in shares of Installed Building Products during the 3rd quarter valued at $34,635,000. State Street Corp grew its position in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after purchasing an additional 96,780 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Installed Building Products in the third quarter worth $18,802,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Price Performance

Installed Building Products stock opened at $191.23 on Friday. Installed Building Products, Inc. has a 12-month low of $169.02 and a 12-month high of $281.04. The stock has a market cap of $5.38 billion, a P/E ratio of 21.25 and a beta of 1.99. The company has a 50-day moving average price of $193.81 and a 200 day moving average price of $215.93. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Wall Street Analyst Weigh In

Several analysts have issued reports on IBP shares. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 1st. JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. The Goldman Sachs Group cut their price target on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a 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 report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $240.40.

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, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.