B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,819 shares of the construction company's stock, valued at approximately $2,418,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Installed Building Products by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company's stock worth $683,421,000 after acquiring an additional 18,890 shares during the last quarter. Swedbank AB grew its position in Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company's stock worth $85,357,000 after acquiring an additional 43,000 shares during the last quarter. Blue Trust Inc. grew its position in Installed Building Products by 456.2% during the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company's stock worth $784,000 after acquiring an additional 3,125 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Installed Building Products by 1,328.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock worth $51,107,000 after acquiring an additional 183,696 shares during the last quarter. Finally, Summit Global Investments bought a new stake in shares of Installed Building Products in the 2nd quarter worth approximately $1,146,000. 99.61% of the stock is currently owned by institutional investors.
Installed Building Products Stock Up 2.7 %
NYSE:IBP traded up $5.68 during trading hours on Friday, reaching $216.92. 349,108 shares of the company traded hands, compared to its average volume of 294,350. The business's 50-day moving average price is $230.84 and its two-hundred day moving average price is $223.31. The stock has a market capitalization of $6.10 billion, a P/E ratio of 23.68 and a beta of 1.95. Installed Building Products, Inc. has a 1 year low of $144.15 and a 1 year 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.
Installed Building Products Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, December 13th. Installed Building Products's payout ratio is 15.56%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on IBP. JPMorgan Chase & Co. lifted their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Truist Financial lifted their price objective on Installed Building Products from $235.00 to $240.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. Jefferies Financial Group lifted their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $253.70.
Get Our Latest Analysis on Installed Building Products
Installed Building Products Company Profile
(
Free Report)
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.
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