Trexquant Investment LP Buys New Position in Installed Building Products, Inc. (NYSE:IBP)

Trexquant Investment LP acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,646 shares of the construction company's stock, valued at approximately $2,742,000. Trexquant Investment LP owned 0.06% of Installed Building Products as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its stake in Installed Building Products by 121.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company's stock worth $3,963,000 after buying an additional 8,815 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Installed Building Products by 8.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock valued at $923,000 after purchasing an additional 405 shares during the last quarter. Geode Capital Management LLC grew its stake in Installed Building Products by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock valued at $153,452,000 after purchasing an additional 23,179 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Installed Building Products by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company's stock worth $22,234,000 after purchasing an additional 4,467 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

NYSE:IBP traded down $2.51 during mid-day trading on Friday, hitting $167.86. The stock had a trading volume of 604,636 shares, compared to its average volume of 331,439. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a 50 day simple moving average of $173.17 and a 200-day simple moving average of $197.71. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 18.65 and a beta of 1.84. Installed Building Products, Inc. has a 52 week low of $153.85 and a 52 week high of $281.04.

Installed Building Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.88%. Installed Building Products's payout ratio is currently 16.26%.

Analyst Ratings Changes

IBP has been the subject of a number of research analyst reports. Truist Financial dropped their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. DA Davidson cut their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group decreased their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Loop Capital reduced their price objective on Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and a consensus target price of $216.09.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.