F M Investments LLC Has $12.26 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

F M Investments LLC reduced its position in Installed Building Products, Inc. (NYSE:IBP) by 0.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 49,784 shares of the construction company’s stock after selling 107 shares during the period. F M Investments LLC owned about 0.18% of Installed Building Products worth $12,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in shares of Installed Building Products by 9.9% during the third quarter. Farther Finance Advisors LLC now owns 1,782 shares of the construction company’s stock worth $439,000 after buying an additional 160 shares in the last quarter. CacheTech Inc. raised its stake in Installed Building Products by 4.0% in the 3rd quarter. CacheTech Inc. now owns 11,888 shares of the construction company’s stock worth $2,928,000 after purchasing an additional 455 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Installed Building Products by 29.3% in the 3rd quarter. New York State Common Retirement Fund now owns 92,077 shares of the construction company’s stock valued at $22,676,000 after purchasing an additional 20,860 shares during the period. Jacobson & Schmitt Advisors LLC grew its position in shares of Installed Building Products by 4.1% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 37,797 shares of the construction company’s stock worth $9,308,000 after purchasing an additional 1,500 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Installed Building Products by 148.4% in the third quarter. US Bancorp DE now owns 2,809 shares of the construction company’s stock worth $692,000 after purchasing an additional 1,678 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Down 0.0 %

IBP stock traded down $0.05 during trading on Friday, reaching $216.85. The stock had a trading volume of 223,828 shares, compared to its average volume of 288,474. The company has a quick ratio of 2.59, a current ratio of 3.08 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 24.22 and a beta of 1.94. Installed Building Products, Inc. has a one year low of $115.25 and a one year high of $281.04. The company’s 50 day moving average is $231.24 and its two-hundred day moving average is $225.40.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.13. The firm had revenue of $737.60 million during the quarter, compared to analyst estimates of $743.86 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. Equities research analysts forecast that Installed Building Products, Inc. will post 11 EPS for the current year.

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Truist Financial upped their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Stephens reiterated an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. Finally, The Goldman Sachs Group raised their target price on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $254.40.

About Installed Building Products

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.