Installed Building Products I (NYSE:IBP).
Beacon Investment Advisory Services, Inc. raised its stake in Installed Building Products I stock by 30,215 shares as of the end of the last quarter. Its stake was valued at $4,240,000 an increase of 127.3% as of the end of the quarter.
Here are a few institutional investors who have updated their positions. Pier Capital, LLC reduced its ownership by shedding 9,287 shares a decrease of 8.7% as of 09/30/2017. Pier Capital, LLC owns 96,939 shares worth $6,282,000. The total value of its holdings increased 11.7%. Ubs Asset Management Americas Inc trimmed its position by selling 6,237 shares a decrease of 97.5%. Ubs Asset Management Americas Inc now holds 163 shares with a value of $10,562,000. The value of the position overall is down by 96.9%.
As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 42,938 shares growing its position 5.3%. The value of the investment in Installed Building Products I went from $42,867,000 to $55,243,000 a change of $12,376,000 quarter to quarter.
November 3 investment analysts at SunTrust Banks made no change to the company rating of “Buy” targeting a price of $65.00. November 1 investment analysts at KeyCorp reiterated a “Hold” rating on the stock.
On October 17, 2017 Credit Suisse Group updated guidance on IBP and giving a rating of “Outperform” and a price target of $73.00. On October 16 Royal Bank Of Canada kept the company rating at “Buy” projecting a price of $69.00.
On September 26, 2017 KeyCorp reiterated a “Hold” rating on the company. Equity analyst Deutsche Bank AG raised the price target on August 21 changing the price objective from $58.00 to $62.00 and issued a “Buy” recommendation.
In the market the company is trading up from yesterday’s close of 67.3. The company currently has a P/E ratio of 51.82 and the market value is 2.16B. As of the latest earnings report the EPS was $1.31 with 31.86M shares presently outstanding.
Short traders are more bullish lately if you consider the fall in short interest. The stock experienced a fall in short interest of -3.53% as of the latest report on October 31, 2017. Short interest fell 21,581 over that timeframe. With short interest at 590,337 and short average daily volume at 116,219, days to cover is 5.0 and the percentage of shorted shares is 0.02% as of October 31.