Were Analysts Bearish Installed Building Products, Inc. (NYSE:IBP) This Week?

February 15, 2018 - By Kurt Siggers

 Were Analysts Bearish Installed Building Products, Inc. (NYSE:IBP) This Week?
Investors sentiment decreased to 1.49 in Q3 2017. Its down 0.13, from 1.62 in 2017Q2. It dropped, as 8 investors sold Installed Building Products, Inc. shares while 45 reduced holdings. 23 funds opened positions while 56 raised stakes. 20.52 million shares or 0.36% less from 20.59 million shares in 2017Q2 were reported.
New York State Teachers Retirement Systems reported 11,293 shares. Jpmorgan Chase Co holds 0% or 31,385 shares. Louisiana State Employees Retirement Systems invested in 0.03% or 8,500 shares. Northcoast Asset Management Llc has 0.35% invested in Installed Building Products, Inc. (NYSE:IBP) for 46,358 shares. Campbell Newman Asset Management Inc reported 3,624 shares. Prudential Fincl accumulated 35,330 shares. Quantbot Technology Limited Partnership, a New York-based fund reported 741 shares. Moreover, Emerald Advisers Pa has 1.84% invested in Installed Building Products, Inc. (NYSE:IBP) for 698,476 shares. Nuveen Asset Management Ltd Liability Corporation has 15,811 shares for 0.01% of their portfolio. Laurion Cap Mngmt Limited Partnership has 13,464 shares for 0% of their portfolio. Corsair Cap Mgmt L P has 0.16% invested in Installed Building Products, Inc. (NYSE:IBP) for 14,647 shares. Spruce House Mgmt Ltd Llc has 11.72% invested in Installed Building Products, Inc. (NYSE:IBP). 25,500 are owned by Alliancebernstein L P. Victory Mgmt Inc, a Ohio-based fund reported 3,278 shares. Tci Wealth Advisors Inc holds 27 shares or 0% of its portfolio.

Since August 15, 2017, it had 0 insider buys, and 10 sales for $14.68 million activity. NIXON J MICHAEL had sold 50,000 shares worth $3.68 million. On Monday, October 2 Elliott Jay P. sold $161,521 worth of Installed Building Products, Inc. (NYSE:IBP) or 2,500 shares.

Installed Building Products, Inc. (NYSE:IBP) Ratings Coverage

Among 11 analysts covering Installed Building Products (NYSE:IBP), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Installed Building Products had 28 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, April 5 by Zelman. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 24. The rating was maintained by Deutsche Bank on Monday, August 21 with “Buy”. RBC Capital Markets maintained the shares of IBP in report on Monday, October 16 with “Buy” rating. SunTrust maintained it with “Buy” rating and $65.0 target in Friday, November 3 report. RBC Capital Markets maintained it with “Outperform” rating and $26 target in Thursday, October 29 report. RBC Capital Markets maintained the shares of IBP in report on Monday, June 19 with “Buy” rating. Deutsche Bank maintained the shares of IBP in report on Friday, August 12 with “Buy” rating. On Tuesday, January 2 the stock rating was maintained by Seaport Global with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Tuesday, November 14. Below is a list of Installed Building Products, Inc. (NYSE:IBP) latest ratings and price target changes.

22/01/2018 Broker: Credit Suisse Rating: Buy New Target: $85.0 Maintain
02/01/2018 Broker: Seaport Global Rating: Buy New Target: $86.0 Maintain
12/12/2017 Broker: Jefferies Rating: Hold New Target: $69.0 Initiate
14/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $75.0 Maintain
06/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $73.0 Maintain
03/11/2017 Broker: SunTrust Rating: Buy New Target: $65.0 Maintain
31/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
17/10/2017 Broker: Credit Suisse Rating: Buy New Target: $73.0 Maintain
16/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $69.0 Maintain
26/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

The stock increased 1.93% or $1.2 during the last trading session, reaching $63.35. About 186,475 shares traded. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since February 15, 2017 and is uptrending. It has outperformed by 37.42% the S&P500.

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. The company has market cap of $2.02 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 48.25 P/E ratio. The firm is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical.

More notable recent Installed Building Products, Inc. (NYSE:IBP) news were published by: Nasdaq.com which released: “Installed Building Products Enters Oversold Territory (IBP)” on February 02, 2018, also Businesswire.com with their article: “Installed Building Products Announces the Acquisition of Rocket Insulation …” published on January 16, 2018, Bizjournals.com published: “Installed Building Products CEO sells $14.9M in stock” on December 14, 2017. More interesting news about Installed Building Products, Inc. (NYSE:IBP) were released by: Seekingalpha.com and their article: “Installed Building Products’ (IBP) CEO Jeff Edwards on Q3 2017 Results …” published on November 03, 2017 as well as Marketwatch.com‘s news article titled: “Installed Building Products Inc.” with publication date: March 11, 2017.

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