Installed Building Products Incorporated (NYSE:IBP) Can’t Be More Risky. Short Interest Increased

January 21, 2018 - By Adrian Mccoy

 Installed Building Products Incorporated (NYSE:IBP) Can't Be More Risky. Short Interest Increased

Investors sentiment decreased to 1.49 in Q3 2017. Its down 0.13, from 1.62 in 2017Q2. It is negative, 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.
Ls Invest Advisors Ltd Liability Company owns 6,205 shares. Invesco accumulated 26,461 shares. Tci Wealth holds 27 shares. Envestnet Asset Mngmt stated it has 0% in Installed Building Products, Inc. (NYSE:IBP). Parametrica Mngmt Limited invested 0.18% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Corsair Cap Limited Partnership owns 14,647 shares. Bancorporation Of Montreal Can holds 0% or 26,167 shares. Bancorporation Of New York Mellon Corp holds 253,196 shares or 0% of its portfolio. Waterfront Partners Ltd Co reported 72,589 shares. Northcoast Asset Ltd invested in 0.35% or 46,358 shares. Emerald Advisers Pa accumulated 698,476 shares or 1.84% of the stock. Moreover, Pacad Inv Ltd has 0.01% invested in Installed Building Products, Inc. (NYSE:IBP) for 500 shares. Fmr Limited Liability Co reported 229,033 shares. Putnam Lc accumulated 48,127 shares. First Personal Fincl accumulated 0.01% or 400 shares.

Since August 4, 2017, it had 0 buys, and 13 sales for $14.68 million activity. Shares for $161,521 were sold by Elliott Jay P. on Monday, October 2. On Tuesday, September 26 NIXON J MICHAEL sold $623,040 worth of Installed Building Products, Inc. (NYSE:IBP) or 10,384 shares. Carter Margot Lebenberg sold $102,162 worth of Installed Building Products, Inc. (NYSE:IBP) on Tuesday, August 8.

The stock of Installed Building Products Incorporated (NYSE:IBP) registered an increase of 51.27% in short interest. IBP’s total short interest was 990,200 shares in January as published by FINRA. Its up 51.27% from 654,600 shares, reported previously. With 172,100 shares average volume, it will take short sellers 6 days to cover their IBP’s short positions.

The stock increased 0.54% or $0.4 during the last trading session, reaching $74.4. About 216,023 shares traded or 10.97% up from the average. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since January 21, 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 $2.37 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 56.66 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.

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 27 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Installed Building Products, Inc. (NYSE:IBP) has “Hold” rating given on Tuesday, August 22 by KeyBanc Capital Markets. The firm has “Outperform” rating given on Monday, August 7 by RBC Capital Markets. The company was maintained on Monday, September 11 by RBC Capital Markets. On Wednesday, November 16 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Monday, October 16 the stock rating was maintained by RBC Capital Markets with “Buy”. RBC Capital Markets maintained the shares of IBP in report on Thursday, July 30 with “Outperform” rating. SunTrust upgraded Installed Building Products, Inc. (NYSE:IBP) on Thursday, March 17 to “Buy” rating. The firm has “Hold” rating given on Tuesday, September 26 by KeyBanc Capital Markets. The firm has “Buy” rating given on Monday, November 6 by RBC Capital Markets. Credit Suisse maintained Installed Building Products, Inc. (NYSE:IBP) on Tuesday, October 17 with “Buy” rating.

More notable recent Installed Building Products, Inc. (NYSE:IBP) news were published by: Businesswire.com which released: “Installed Building Products Announces Successful Repricing” on December 01, 2017, also Seekingalpha.com with their article: “Installed Building Products’ (IBP) CEO Jeff Edwards on Q3 2017 Results …” published on November 03, 2017, Businesswire.com published: “Installed Building Products Announces the Acquisition of A+ Insulation, LLC” on October 30, 2017. More interesting news about Installed Building Products, Inc. (NYSE:IBP) were released by: Nasdaq.com and their article: “Installed Building Products Inc (IBP) President, CEO and Chairman Jeffrey W …” published on December 07, 2017 as well as Businesswire.com‘s news article titled: “Installed Building Products Announces the Acquisition of Red Rock Insulation” with publication date: September 01, 2017.

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