Barclays PLC raised its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 61.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,711 shares of the construction company's stock after acquiring an additional 37,347 shares during the period. Barclays PLC owned about 0.35% of Installed Building Products worth $24,063,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in shares of Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock worth $52,000 after purchasing an additional 62 shares in the last quarter. SG Americas Securities LLC grew its position in Installed Building Products by 80.6% during the 2nd quarter. SG Americas Securities LLC now owns 3,020 shares of the construction company's stock worth $621,000 after acquiring an additional 1,348 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Installed Building Products by 14.3% in the second quarter. Sequoia Financial Advisors LLC now owns 1,053 shares of the construction company's stock valued at $217,000 after buying an additional 132 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Installed Building Products by 14.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,618 shares of the construction company's stock valued at $333,000 after acquiring an additional 209 shares in the last quarter. Finally, Summit Global Investments bought a new position in Installed Building Products in the 2nd quarter worth approximately $1,146,000. Institutional investors own 99.61% of the company's stock.
Installed Building Products Stock Down 3.4 %
Shares of Installed Building Products stock traded down $6.91 during trading on Friday, reaching $198.50. The stock had a trading volume of 387,535 shares, compared to its average volume of 291,423. 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 has a market capitalization of $5.59 billion, a price-to-earnings ratio of 22.06 and a beta of 1.93. The stock has a fifty day moving average price of $223.81 and a two-hundred day moving average price of $222.97. Installed Building Products, Inc. has a 52 week low of $168.08 and a 52 week high of $281.04.
Installed Building Products Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 0.71%. The ex-dividend date is Friday, December 13th. Installed Building Products's dividend payout ratio (DPR) is currently 15.56%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. DA Davidson cut their price target on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. StockNews.com upgraded shares of Installed Building Products from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Evercore ISI boosted their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their target price on Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Installed Building Products presently has a consensus rating of "Hold" and an average price target of $253.70.
Read Our Latest Stock Report on IBP
About Installed Building Products
(
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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