Fuller & Thaler Asset Management Inc. Reduces Position in Installed Building Products, Inc. (NYSE:IBP)

Fuller & Thaler Asset Management Inc. reduced its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 674,141 shares of the construction company's stock after selling 18,855 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 2.40% of Installed Building Products worth $118,143,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBP. Curio Wealth LLC purchased a new stake in shares of Installed Building Products in the fourth quarter worth approximately $30,000. Smartleaf Asset Management LLC grew its position in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares during the last quarter. Headlands Technologies LLC increased its stake in Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock worth $127,000 after purchasing an additional 647 shares during the period. Principal Securities Inc. lifted its position in shares of Installed Building Products by 20.0% during the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock worth $196,000 after purchasing an additional 186 shares during the last quarter. Finally, MGO One Seven LLC purchased a new stake in shares of Installed Building Products during the fourth quarter valued at $205,000. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Up 5.4 %

Shares of Installed Building Products stock opened at $162.57 on Wednesday. Installed Building Products, Inc. has a 52-week low of $151.27 and a 52-week high of $281.04. The firm's 50 day moving average price is $169.84 and its 200-day moving average price is $193.61. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.49 billion, a P/E ratio of 18.06 and a beta of 1.84.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. 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 dividend yield of 0.91%. Installed Building Products's dividend payout ratio is presently 16.26%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on IBP shares. Benchmark reduced their price target on shares of 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. DA Davidson lowered their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 28th. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group lowered their target price 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average 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.

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