Bamco Inc. NY Has $121.24 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Bamco Inc. NY lowered its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 25.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 492,286 shares of the construction company's stock after selling 168,757 shares during the quarter. Bamco Inc. NY owned about 1.75% of Installed Building Products worth $121,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Installed Building Products by 61.5% during the third quarter. FMR LLC now owns 965,551 shares of the construction company's stock worth $237,786,000 after buying an additional 367,628 shares during the last quarter. Swedbank AB boosted its stake 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. Vaughan Nelson Investment Management L.P. grew its holdings in Installed Building Products by 6.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock valued at $81,063,000 after purchasing an additional 20,155 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Installed Building Products by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock valued at $68,065,000 after purchasing an additional 21,942 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Installed Building Products by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 226,428 shares of the construction company's stock worth $46,572,000 after purchasing an additional 4,943 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Performance

Shares of NYSE:IBP traded down $3.07 on Monday, hitting $225.67. The company had a trading volume of 151,446 shares, compared to its average volume of 293,350. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 25.36 and a beta of 1.95. The stock has a 50 day moving average price of $229.82 and a 200 day moving average price of $222.77. Installed Building Products, Inc. has a 1-year low of $152.06 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products's dividend payout ratio is currently 15.56%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IBP shares. StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. DA Davidson lowered their price target on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their target price for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Finally, Evercore ISI lifted their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $253.70.

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.