Guinness Asset Management LTD Sells 25,697 Shares of Installed Building Products, Inc. (NYSE:IBP)

Guinness Asset Management LTD decreased its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 24.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,524 shares of the construction company's stock after selling 25,697 shares during the quarter. Guinness Asset Management LTD owned about 0.29% of Installed Building Products worth $14,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBP. V Square Quantitative Management LLC bought a new stake in Installed Building Products in the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. grew its stake in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Advisors Asset Management Inc. increased its position 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 worth $57,000 after acquiring an additional 140 shares during the period. Quarry LP raised its stake in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after purchasing an additional 286 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new stake in Installed Building Products in the 3rd quarter valued at about $111,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Trading Down 1.3 %

Shares of NYSE IBP traded down $2.66 during midday trading on Monday, reaching $196.38. The stock had a trading volume of 382,189 shares, compared to its average volume of 235,674. The company's 50 day moving average price is $197.38 and its 200 day moving average price is $218.14. 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, Inc. has a twelve month low of $169.02 and a twelve month high of $281.04. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 21.82 and a beta of 1.98.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.71%. Installed Building Products's dividend payout ratio (DPR) is currently 15.56%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. DA Davidson lowered their target price on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective 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. Evercore ISI downgraded Installed Building Products from an "outperform" rating to an "underperform" rating and lowered their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, 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 report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $240.40.

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.