Artisan Partners Limited Partnership Sells 6,045 Shares of Installed Building Products, Inc. (NYSE:IBP)

Artisan Partners Limited Partnership reduced its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,012 shares of the construction company's stock after selling 6,045 shares during the period. Artisan Partners Limited Partnership owned about 0.58% of Installed Building Products worth $28,743,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in Installed Building Products during the 4th quarter worth about $30,000. Advisors Asset Management Inc. raised its position in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock worth $57,000 after purchasing an additional 140 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 worth $64,000 after buying an additional 272 shares in the last quarter. Quarry LP lifted its holdings in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after buying an additional 286 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Installed Building Products in the 3rd quarter valued at $111,000. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Up 0.7 %

Shares of IBP stock traded up $1.16 during trading hours on Monday, hitting $171.79. 353,042 shares of the company were exchanged, compared to its average volume of 323,145. Installed Building Products, Inc. has a 52 week low of $159.77 and a 52 week high of $281.04. 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 business has a 50 day moving average of $180.70 and a two-hundred day moving average of $202.76. The company has a market capitalization of $4.77 billion, a PE ratio of 19.09 and a beta of 2.05.

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Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.86%. Installed Building Products's dividend payout ratio (DPR) is currently 16.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial decreased their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. Loop Capital dropped their price target 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. The Goldman Sachs Group lowered their target price on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Benchmark reduced their price target on 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, StockNews.com cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and an average target price of $219.40.

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.