Erste Asset Management GmbH bought a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 75,527 shares of the construction company's stock, valued at approximately $18,802,000. Erste Asset Management GmbH owned 0.27% of Installed Building Products as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. boosted its holdings in Installed Building Products by 167.2% in the third quarter. Edgestream Partners L.P. now owns 30,997 shares of the construction company's stock valued at $7,634,000 after acquiring an additional 19,398 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Installed Building Products by 11.0% in the 3rd quarter. Captrust Financial Advisors now owns 5,886 shares of the construction company's stock worth $1,450,000 after purchasing an additional 582 shares during the period. Walleye Capital LLC lifted its stake in shares of Installed Building Products by 161.7% in the 3rd quarter. Walleye Capital LLC now owns 1,708 shares of the construction company's stock valued at $421,000 after purchasing an additional 4,478 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Installed Building Products during the 3rd quarter worth about $54,499,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Installed Building Products by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,772 shares of the construction company's stock worth $2,653,000 after purchasing an additional 805 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.
Installed Building Products Stock Down 2.1 %
Shares of NYSE IBP traded down $4.75 during midday trading on Monday, reaching $223.99. 275,277 shares of the company's stock were exchanged, compared to its average volume of 293,920. The stock has a market capitalization of $6.30 billion, a PE ratio of 24.89 and a beta of 1.95. Installed Building Products, Inc. has a 52-week low of $152.06 and a 52-week high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The business's fifty day moving average price is $229.43 and its two-hundred day moving average price is $222.82.
Installed Building Products Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.63%. Installed Building Products's dividend payout ratio is presently 15.56%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Stephens reaffirmed an "equal weight" rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. Jefferies Financial Group upped their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Royal Bank of Canada downgraded Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their price target for the company from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI boosted their price objective on Installed Building Products from $271.00 to $272.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. One equities 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $253.70.
Read Our Latest Research 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.
Further Reading
Before you consider Installed Building Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Installed Building Products wasn't on the list.
While Installed Building Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
