EAM Investors LLC acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,109 shares of the construction company’s stock, valued at approximately $2,469,000. EAM Investors LLC owned 0.12% of Installed Building Products as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Installed Building Products by 11.7% during the second quarter. Ameritas Investment Partners Inc. now owns 1,894 shares of the construction company’s stock worth $100,000 after acquiring an additional 198 shares during the period. Oppenheimer Asset Management Inc. raised its position in Installed Building Products by 6.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,421 shares of the construction company’s stock worth $128,000 after acquiring an additional 155 shares during the period. Pinebridge Investments L.P. raised its position in 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 acquiring an additional 34 shares during the period. D.A. Davidson & CO. raised its position in 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 acquiring an additional 364 shares during the period. Finally, State of Alaska Department of Revenue raised its position in 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 acquiring an additional 1,755 shares during the period. Institutional investors own 67.32% of the company’s stock.

In other news, Director J Michael Nixon sold 13,820 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $60.00, for a total value of $829,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vikas Verma bought 3,318 shares of Installed Building Products stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $59.98 per share, with a total value of $199,013.64. Following the completion of the transaction, the director now directly owns 230,251 shares of the company’s stock, valued at $13,810,454.98. The disclosure for this purchase can be found here. Insiders sold 163,781 shares of company stock valued at $10,088,754 over the last quarter. Company insiders own 32.90% of the company’s stock.

A number of research firms have weighed in on IBP. Royal Bank Of Canada upped 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 report on Monday, August 7th. KeyCorp restated a “hold” rating on shares of Installed Building Products in a research report on Tuesday, September 26th. Deutsche Bank AG increased their target price on shares of Installed Building Products from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Credit Suisse Group set a $73.00 target price on shares of Installed Building Products and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Installed Building Products presently has an average rating of “Buy” and an average target price of $67.17.

Shares of Installed Building Products, Inc. (NYSE IBP) traded up $2.15 during midday trading on Wednesday, hitting $72.55. 178,500 shares of the stock were exchanged, compared to its average volume of 150,826. The firm has a market capitalization of $2,243.12, a PE ratio of 53.74 and a beta of 0.84. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.22 and a quick ratio of 1.93. Installed Building Products, Inc. has a 1-year low of $39.95 and a 1-year high of $72.60.

Installed Building Products (NYSE:IBP) last issued its earnings results on Friday, November 3rd. The construction company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.07). The business 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 23.40%. Installed Building Products’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. equities research analysts expect that Installed Building Products, Inc. will post 1.46 earnings per share for the current fiscal year.

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About Installed Building Products

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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