Capital Research Global Investors grew its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,008 shares of the construction company's stock after purchasing an additional 25,749 shares during the quarter. Capital Research Global Investors owned approximately 0.87% of Installed Building Products worth $42,762,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of IBP. Arizona State Retirement System boosted its holdings in shares of Installed Building Products by 0.8% during the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after purchasing an additional 56 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock worth $1,363,000 after buying an additional 71 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Installed Building Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after buying an additional 79 shares during the last quarter. Blue Trust Inc. increased its position in shares of Installed Building Products by 7.9% during the fourth 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. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Installed Building Products by 2.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock valued at $617,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 99.61% of the company's stock.
Installed Building Products Stock Performance
Shares of NYSE:IBP traded down $1.78 during trading on Friday, reaching $168.49. 260,483 shares of the company's stock traded hands, compared to its average volume of 334,118. The stock has a market capitalization of $4.65 billion, a P/E ratio of 18.72 and a beta of 1.84. Installed Building Products, Inc. has a 12 month low of $151.27 and a 12 month high of $281.04. The company has a 50 day moving average of $169.32 and a 200-day moving average of $192.45. 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 Increases Dividend
The business 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's dividend payout ratio is presently 16.26%.
Wall Street Analysts Forecast Growth
IBP has been the subject of a number of recent analyst reports. Loop Capital reduced their target price on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. DA Davidson dropped their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target on the stock. The Goldman Sachs Group cut their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $216.09.
View Our Latest Stock Report on IBP
About Installed Building Products
(
Free Report)
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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