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

Erste Asset Management GmbH grew its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,194 shares of the construction company's stock after purchasing an additional 8,667 shares during the period. Erste Asset Management GmbH owned approximately 0.30% of Installed Building Products worth $14,691,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Arizona State Retirement System lifted its stake in shares of Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 56 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock worth $1,363,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Installed Building Products by 7.9% during the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock worth $220,000 after acquiring an additional 92 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Installed Building Products by 2.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock worth $617,000 after acquiring an additional 93 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Installed Building Products by 8.9% during the 4th quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after acquiring an additional 128 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

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Installed Building Products Stock Up 1.8 %

NYSE:IBP traded up $3.01 during mid-day trading on Friday, hitting $171.64. 433,934 shares of the company's stock traded hands, compared to its average volume of 309,894. The company has a fifty day moving average of $182.38 and a 200 day moving average of $205.59. Installed Building Products, Inc. has a twelve month low of $159.77 and a twelve month high of $281.04. The company has a market capitalization of $4.76 billion, a P/E ratio of 19.07 and a beta of 2.05. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products's dividend payout ratio is currently 16.26%.

Analyst Upgrades and Downgrades

IBP has been the subject of a number of research analyst reports. DA Davidson decreased their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Benchmark decreased their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Seaport Res Ptn downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. The Goldman Sachs Group decreased their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial decreased their target price on 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $219.40.

Installed Building Products Company 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.