Installed Building Products, Inc. (NYSE:IBP) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,865 shares of the construction company's stock after selling 2,311 shares during the period. American Century Companies Inc. owned 0.14% of Installed Building Products worth $6,811,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC purchased a new position in shares of Installed Building Products in the 3rd quarter valued at about $247,000. Walleye Capital LLC increased its stake in Installed Building Products by 161.7% in the third quarter. Walleye Capital LLC now owns 1,708 shares of the construction company's stock valued at $421,000 after purchasing an additional 4,478 shares during the last quarter. Captrust Financial Advisors increased its stake in Installed Building Products by 11.0% in the third quarter. Captrust Financial Advisors now owns 5,886 shares of the construction company's stock valued at $1,450,000 after purchasing an additional 582 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Installed Building Products during the third quarter worth approximately $427,000. Finally, Benjamin Edwards Inc. lifted its position in shares of Installed Building Products by 34.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,885 shares of the construction company's stock worth $711,000 after buying an additional 733 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI cut shares of Installed Building Products from an "outperform" rating to an "underperform" rating and reduced their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. Truist Financial reduced their target price on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a report on Monday, March 3rd. Seaport Res Ptn downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Finally, Benchmark cut their target price on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Installed Building Products has an average rating of "Hold" and an average price target of $216.09.

Installed Building Products Price Performance

NYSE:IBP traded down $4.98 during trading hours on Monday, hitting $168.27. The company's stock had a trading volume of 398,288 shares, compared to its average volume of 326,627. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a 52-week low of $157.93 and a 52-week high of $281.04. The company has a market capitalization of $4.67 billion, a PE ratio of 18.79 and a beta of 1.84. The business's 50-day moving average is $177.57 and its two-hundred day moving average is $200.80.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, March 14th. Installed Building Products's dividend payout ratio is presently 16.26%.

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.