9,658 Shares in Installed Building Products, Inc. (NYSE:IBP) Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC bought a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,658 shares of the construction company's stock, valued at approximately $2,378,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Installed Building Products by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company's stock worth $683,421,000 after acquiring an additional 18,890 shares during the last quarter. Swedbank AB grew its position in shares of Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company's stock valued at $85,357,000 after acquiring an additional 43,000 shares during the period. Blue Trust Inc. grew its holdings in Installed Building Products by 456.2% during the second quarter. Blue Trust Inc. now owns 3,810 shares of the construction company's stock valued at $784,000 after purchasing an additional 3,125 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock worth $51,107,000 after purchasing an additional 183,696 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Installed Building Products during the 1st quarter valued at approximately $17,806,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IBP. Royal Bank of Canada cut Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their target price for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Truist Financial upped their target price on Installed Building Products from $235.00 to $240.00 and gave the company a "hold" rating in a research report on Friday, August 2nd. Jefferies Financial Group raised their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. StockNews.com raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a research note on Friday. Finally, DA Davidson decreased their target price on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. One investment 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.com, Installed Building Products currently has an average rating of "Hold" and a consensus price target of $252.30.

Installed Building Products Stock Down 3.8 %

Installed Building Products stock traded down $7.96 during mid-day trading on Friday, hitting $200.02. The company had a trading volume of 354,601 shares, compared to its average volume of 294,969. The business has a fifty day moving average of $230.77 and a 200 day moving average of $224.23. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 22.21 and a beta of 1.95. Installed Building Products, Inc. has a 1 year low of $138.37 and a 1 year high of $281.04. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.70%. 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.