FIL Ltd Boosts Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

FIL Ltd increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,039,038 shares of the construction company's stock after acquiring an additional 127,215 shares during the quarter. FIL Ltd owned approximately 3.69% of Installed Building Products worth $182,091,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System lifted its holdings 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 worth $1,221,000 after purchasing an additional 56 shares in the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Installed Building Products by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock valued at $1,363,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after buying an additional 92 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Installed Building Products by 2.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock valued at $617,000 after buying an additional 93 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Installed Building Products by 8.9% during the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after acquiring an additional 128 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

Shares of Installed Building Products stock traded up $0.19 on Monday, reaching $168.67. 120,570 shares of the company traded hands, compared to its average volume of 331,202. The company has a 50 day moving average of $173.17 and a 200 day moving average of $197.38. 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, Inc. has a 52 week low of $153.85 and a 52 week high of $281.04. The firm has a market capitalization of $4.68 billion, a PE ratio of 18.74 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.37 dividend. This is an increase 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 0.88%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is currently 16.26%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. The Goldman Sachs Group decreased their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Benchmark dropped their price objective on Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. 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 report on Friday, February 28th. Finally, Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and lowered their target price for the company from $238.00 to $206.00 in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and an average price target of $216.09.

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.