American Century Companies Inc. Reduces Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

American Century Companies Inc. lessened its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 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 about 0.14% of Installed Building Products worth $6,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBP. Curio Wealth LLC purchased a new stake in Installed Building Products during the fourth quarter worth $30,000. Smartleaf Asset Management LLC boosted its stake in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after acquiring an additional 272 shares in the last quarter. Quarry LP grew its position in shares of Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after acquiring an additional 286 shares during the period. Principal Securities Inc. increased its stake in shares of Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after purchasing an additional 186 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Installed Building Products in the 3rd quarter worth about $203,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Price Performance

IBP stock traded down $6.99 during mid-day trading on Tuesday, reaching $157.78. The company's stock had a trading volume of 603,965 shares, compared to its average volume of 329,636. 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's 50 day moving average is $175.17 and its two-hundred day moving average is $199.36. Installed Building Products, Inc. has a fifty-two week low of $154.01 and a fifty-two week high of $281.04. The stock has a market cap of $4.38 billion, a PE ratio of 17.53 and a beta of 1.84.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.94%. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

Analyst Upgrades and Downgrades

Several analysts have commented on IBP shares. Evercore ISI lowered Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price objective for the company from $238.00 to $206.00 in a report on Monday, December 16th. Loop Capital dropped their price target on shares of 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. Truist Financial reduced their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Benchmark dropped 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 research report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Installed Building Products has an average rating of "Hold" and an average price target of $216.09.

Installed Building Products Company 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.