Fmr LLC Boosts Stock Position in Installed Building Products, Inc. (NYSE:IBP)

FMR LLC grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 61.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 965,551 shares of the construction company's stock after buying an additional 367,628 shares during the period. FMR LLC owned 3.43% of Installed Building Products worth $237,786,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IBP. V Square Quantitative Management LLC bought a new position in Installed Building Products in the third quarter worth about $29,000. GHP Investment Advisors Inc. grew its holdings in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after purchasing an additional 78 shares during the period. CWM LLC lifted its holdings in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after buying an additional 140 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Installed Building Products in the third quarter worth $111,000. Institutional investors own 99.61% of the company's stock.

Installed Building Products Price Performance

IBP traded down $0.72 during trading on Monday, hitting $228.02. 113,471 shares of the company traded hands, compared to its average volume of 293,203. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market cap of $6.42 billion, a PE ratio of 25.36 and a beta of 1.95. The stock's 50-day simple moving average is $229.82 and its two-hundred day simple moving average is $222.77. Installed Building Products, Inc. has a 1 year low of $152.06 and a 1 year high of $281.04.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.61%. Installed Building Products's payout ratio is 15.56%.

Analyst Upgrades and Downgrades

IBP has been the subject of a number of research reports. DA Davidson decreased their target price on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Evercore ISI increased their target price on Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Royal Bank of Canada cut shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their price objective for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $253.70.

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.