B. Metzler seel. Sohn & Co. AG Acquires 1,533 Shares of Installed Building Products, Inc. (NYSE:IBP)

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,352 shares of the construction company's stock after acquiring an additional 1,533 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Installed Building Products were worth $1,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Installed Building Products by 2.1% during the fourth quarter. Wellington Management Group LLP now owns 143,579 shares of the construction company's stock worth $25,162,000 after buying an additional 2,939 shares in the last quarter. Clearbridge Investments LLC lifted its position in Installed Building Products by 14.3% in the 4th quarter. Clearbridge Investments LLC now owns 248,827 shares of the construction company's stock worth $43,607,000 after buying an additional 31,083 shares in the last quarter. Joseph Group Capital Management boosted its position in Installed Building Products by 13.9% during the fourth quarter. Joseph Group Capital Management now owns 13,848 shares of the construction company's stock valued at $2,427,000 after purchasing an additional 1,688 shares during the last quarter. Pertento Partners LLP raised its position in Installed Building Products by 18.5% during the fourth quarter. Pertento Partners LLP now owns 233,199 shares of the construction company's stock valued at $40,868,000 after acquiring an additional 36,395 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Installed Building Products by 3.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,992 shares of the construction company's stock valued at $700,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group cut 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective for the company. Truist Financial lowered their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. DA Davidson lowered their price target 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, Seaport Res Ptn lowered shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $216.09.

Installed Building Products Stock Down 3.5 %

NYSE:IBP traded down $6.02 on Monday, hitting $167.24. 279,839 shares of the company's stock were exchanged, compared to its average volume of 326,118. The company has a market cap of $4.64 billion, a P/E ratio of 18.57 and a beta of 1.84. The firm has a 50-day moving average price of $177.57 and a 200-day moving average price of $200.80. 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 $157.93 and a 52 week high of $281.04.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.88%. Installed Building Products's dividend payout ratio (DPR) is currently 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.