Eminence Capital Fully Exits Installed Building Products After a Year of Outperformance, Selling $170.42 Million Stake

Eminence Capital has fully exited its position in Installed Building Products, selling 945,101 shares worth $170.42 million. The move comes after a year of outperformance, with the stock price increasing by 26.0% and outpacing the S&P 500 by 13.44 percentage points. Installed Building Products offers installation and distribution of insulation and complementary building products, targeting residential and commercial builders in the US. The company's decision to exit the position stands out as it comes after a year of significant gains.