Ami Investment Management Inc Lowers stake in Installed Building Products Inc (IBP)

Installed Building Products Inc (IBP) : Ami Investment Management Inc reduced its stake in Installed Building Products Inc by 57.01% during the most recent quarter end. The investment management company now holds a total of 39,750 shares of Installed Building Products Inc which is valued at $1,219,928 after selling 52,705 shares in Installed Building Products Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Installed Building Products Inc makes up approximately 0.88% of Ami Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Fmr reduced its stake in IBP by selling 410,980 shares or 39.63% in the most recent quarter. The Hedge Fund company now holds 625,986 shares of IBP which is valued at $19,211,510.Blackrock Advisors boosted its stake in IBP in the latest quarter, The investment management firm added 37,846 additional shares and now holds a total of 65,648 shares of Installed Building Products Inc which is valued at $2,014,737.Dimensional Fund Advisors Lp boosted its stake in IBP in the latest quarter, The investment management firm added 174,495 additional shares and now holds a total of 580,137 shares of Installed Building Products Inc which is valued at $17,908,829. Installed Building Products Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Essex Investment Management Co boosted its stake in IBP in the latest quarter, The investment management firm added 25,021 additional shares and now holds a total of 58,278 shares of Installed Building Products Inc which is valued at $2,135,889. Installed Building Products Inc makes up approx 0.34% of Essex Investment Management Co’s portfolio.

Installed Building Products Inc opened for trading at $30.86 and hit $32.15 on the upside on Tuesday, eventually ending the session at $32.04, with a gain of 4.30% or 1.32 points. The heightened volatility saw the trading volume jump to 2,82,905 shares. Company has a market cap of $1,009 M.

On the company’s financial health, Installed Building Products Inc reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.36. The company had revenue of $211.90 million for the quarter, compared to analysts expectations of $211.34 million. The company’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Installed Building Products Inc. is a residential insulation installer in the United States. The Company’s national platform consists of over 100 locations accessing customers in all 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. The Company manages various aspects of the installation process for the customers from the direct purchase and receipt of materials from national manufacturers to supply of materials to job sites and quality installation. The Company’s customers include production and custom homebuilders multi-family and commercial contractors and homeowners.

Leave a Reply

Installed Building Products Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Installed Building Products Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.