Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 54.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 47,235 shares of the construction company's stock after purchasing an additional 16,569 shares during the quarter. Citigroup Inc. owned 0.17% of Installed Building Products worth $11,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in shares of Installed Building Products during the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. boosted its holdings in Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock valued at $30,000 after acquiring an additional 78 shares during the period. Advisors Asset Management Inc. increased its stake in Installed Building Products by 152.2% in the third 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 period. CWM LLC lifted its position in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company's stock worth $52,000 after purchasing an additional 62 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Installed Building Products by 41.7% during the third quarter. GAMMA Investing LLC now owns 649 shares of the construction company's stock valued at $160,000 after purchasing an additional 191 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Jefferies Financial Group increased their price target 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. DA Davidson decreased their price objective 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. Finally, JPMorgan Chase & Co. increased their target price 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 given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $253.70.

Installed Building Products Stock Up 1.3 %

Shares of IBP stock traded up $2.85 during mid-day trading on Friday, hitting $228.38. 111,703 shares of the stock traded hands, compared to its average volume of 294,000. The stock's fifty day moving average is $230.03 and its two-hundred day moving average is $222.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a 52-week low of $148.59 and a 52-week high of $281.04. The stock has a market cap of $6.43 billion, a P/E ratio of 25.06 and a beta of 1.95.

Installed Building Products Dividend Announcement

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 paid a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.61%. Installed Building Products's dividend payout ratio (DPR) is 15.56%.

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.