Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC grew its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 123.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,627 shares of the construction company's stock after purchasing an additional 11,969 shares during the period. Curi RMB Capital LLC owned approximately 0.08% of Installed Building Products worth $3,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP lifted its holdings in Installed Building Products by 69.8% in the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after acquiring an additional 199,657 shares during the last quarter. Jump Financial LLC lifted its stake in shares of Installed Building Products by 58.5% in the 4th quarter. Jump Financial LLC now owns 14,128 shares of the construction company's stock valued at $2,476,000 after purchasing an additional 5,212 shares during the last quarter. Adams Wealth Management grew its holdings in shares of Installed Building Products by 29.2% during the 4th quarter. Adams Wealth Management now owns 15,364 shares of the construction company's stock worth $2,692,000 after purchasing an additional 3,476 shares during the period. XTX Topco Ltd acquired a new stake in shares of Installed Building Products during the 4th quarter worth about $429,000. Finally, Barclays PLC raised its holdings in Installed Building Products by 26.5% in the 4th quarter. Barclays PLC now owns 123,627 shares of the construction company's stock valued at $21,664,000 after buying an additional 25,916 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IBP shares. Truist Financial dropped their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Benchmark dropped their target price on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Loop Capital dropped their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lowered their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Installed Building Products currently has an average rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Stock Performance

Shares of IBP traded down $2.11 during mid-day trading on Friday, reaching $168.16. 82,528 shares of the company's stock were exchanged, compared to its average volume of 333,037. The business's fifty day simple moving average is $169.42 and its 200-day simple moving average is $192.95. Installed Building Products, Inc. has a 52-week low of $151.27 and a 52-week high of $281.04. The stock has a market capitalization of $4.64 billion, a PE ratio of 18.66 and a beta of 1.84. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products's dividend payout ratio is 16.26%.

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.