Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Fmr LLC

FMR LLC lowered its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 783,811 shares of the construction company's stock after selling 181,740 shares during the period. FMR LLC owned about 2.79% of Installed Building Products worth $137,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. 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 valued at $1,221,000 after buying an additional 56 shares during the period. Dana Investment Advisors Inc. lifted its holdings in 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 acquiring an additional 71 shares during the period. Blue Trust Inc. boosted its position 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 purchasing an additional 92 shares in the last quarter. Ashton Thomas Private Wealth LLC grew 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 purchasing an additional 93 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in 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 buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IBP. StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Loop Capital dropped their price objective on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Benchmark dropped their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group decreased 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and a consensus target price of $216.09.

Installed Building Products Trading Up 1.5 %

Shares of Installed Building Products stock traded up $2.39 during mid-day trading on Friday, hitting $158.33. 357,921 shares of the stock were exchanged, compared to its average volume of 333,217. The company has a 50-day simple moving average of $171.12 and a 200 day simple moving average of $195.70. 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 stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 17.59 and a beta of 1.84. Installed Building Products, Inc. has a twelve month low of $153.40 and a twelve month high of $281.04.

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 paid a $0.37 dividend. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, March 14th. Installed Building Products's payout ratio is presently 16.26%.

About Installed Building Products

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.