Charles Schwab Investment Management Inc. Purchases 21,942 Shares of Installed Building Products, Inc. (NYSE:IBP)

Charles Schwab Investment Management Inc. raised its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,383 shares of the construction company's stock after buying an additional 21,942 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.98% of Installed Building Products worth $68,065,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. lifted its stake in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after purchasing an additional 140 shares in the last quarter. CWM LLC increased its stake in shares of Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Installed Building Products by 41.7% during the 3rd quarter. GAMMA Investing LLC now owns 649 shares of the construction company's stock worth $160,000 after buying an additional 191 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Evercore ISI raised their price objective on Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Jefferies Financial Group lifted their price target on shares of 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 downgraded shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Truist Financial raised their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a "hold" rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Installed Building Products currently has an average rating of "Hold" and a consensus price target of $253.70.

Installed Building Products Trading Up 1.3 %

Shares of NYSE IBP traded up $2.85 during trading on Friday, reaching $228.38. The company had a trading volume of 111,703 shares, compared to its average volume of 294,000. The stock has a market cap of $6.43 billion, a P/E ratio of 25.06 and a beta of 1.95. The company's fifty day moving average price is $230.03 and its 200-day moving average price is $222.90. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12 month low of $148.59 and a 12 month high of $281.04.

Installed Building Products Announces Dividend

The company also recently announced 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 0.61%. The ex-dividend date is Friday, December 13th. Installed Building Products's dividend payout ratio is presently 15.56%.

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.