Adams Wealth Management Raises Stake in Installed Building Products, Inc. (NYSE:IBP)

Adams Wealth Management raised its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,364 shares of the construction company's stock after acquiring an additional 3,476 shares during the quarter. Adams Wealth Management owned approximately 0.05% of Installed Building Products worth $2,692,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in Installed Building Products by 8.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock worth $923,000 after buying an additional 405 shares during the period. Geode Capital Management LLC raised its position in shares of Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock worth $153,452,000 after acquiring an additional 23,179 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Installed Building Products by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company's stock valued at $22,234,000 after acquiring an additional 4,467 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Installed Building Products by 295.7% during 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 during the period. Finally, JPMorgan Chase & Co. raised its holdings in Installed Building Products by 112.6% during the 4th quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock worth $26,949,000 after purchasing an additional 81,455 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Up 1.5 %

NYSE IBP traded up $2.39 during trading hours on Friday, hitting $158.33. The company's stock had a trading volume of 357,921 shares, compared to its average volume of 333,698. The company has a market capitalization of $4.37 billion, a PE ratio of 17.59 and a beta of 1.84. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 52 week low of $153.40 and a 52 week high of $281.04. The company's 50-day simple moving average is $170.63 and its two-hundred day simple moving average is $194.74.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's dividend payout ratio (DPR) is currently 16.26%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IBP. Loop Capital lowered their target price on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. StockNews.com cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. The Goldman Sachs Group dropped their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Benchmark reduced their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, DA Davidson dropped their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Two equities research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Profile

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.