Erste Asset Management GmbH Grows Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Erste Asset Management GmbH raised its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,194 shares of the construction company's stock after buying an additional 8,667 shares during the quarter. Erste Asset Management GmbH owned about 0.30% of Installed Building Products worth $14,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in IBP. Swiss National Bank increased its position in Installed Building Products by 0.6% in the fourth quarter. Swiss National Bank now owns 47,233 shares of the construction company's stock worth $8,278,000 after purchasing an additional 300 shares during the last quarter. AlphaQuest LLC increased its position in Installed Building Products by 79.9% in the fourth quarter. AlphaQuest LLC now owns 1,851 shares of the construction company's stock worth $324,000 after purchasing an additional 822 shares during the last quarter. Amundi increased its position in Installed Building Products by 193.1% in the fourth quarter. Amundi now owns 12,024 shares of the construction company's stock worth $2,118,000 after purchasing an additional 7,922 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in Installed Building Products by 2.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock worth $617,000 after purchasing an additional 93 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Installed Building Products during the fourth quarter valued at $23,776,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

IBP has been the topic of a number of analyst reports. StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Benchmark cut their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, DA Davidson cut their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $219.40.

Installed Building Products Stock Up 1.8 %

NYSE:IBP traded up $3.01 during mid-day trading on Friday, reaching $171.64. The company's stock had a trading volume of 433,934 shares, compared to its average volume of 308,451. Installed Building Products, Inc. has a 1 year low of $159.77 and a 1 year high of $281.04. The stock has a fifty day moving average of $182.38 and a 200-day moving average of $205.46. The firm has a market capitalization of $4.76 billion, a PE ratio of 19.07 and a beta of 2.05. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. 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.