Intech Investment Management LLC Grows Stake in Installed Building Products, Inc. (NYSE:IBP)

Intech Investment Management LLC lifted its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 496.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,850 shares of the construction company's stock after purchasing an additional 14,024 shares during the period. Intech Investment Management LLC owned about 0.06% of Installed Building Products worth $4,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBP. Swedbank AB purchased a new stake in Installed Building Products in the first quarter worth $96,248,000. Price T Rowe Associates Inc. MD lifted its position in Installed Building Products by 1,328.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock valued at $51,107,000 after buying an additional 183,696 shares during the period. Millennium Management LLC lifted its position in Installed Building Products by 395.3% during the second quarter. Millennium Management LLC now owns 143,166 shares of the construction company's stock valued at $29,446,000 after buying an additional 114,259 shares during the period. Thrivent Financial for Lutherans lifted its position in Installed Building Products by 379.5% during the third quarter. Thrivent Financial for Lutherans now owns 93,439 shares of the construction company's stock valued at $23,012,000 after buying an additional 73,952 shares during the period. Finally, Leeward Investments LLC MA purchased a new position in Installed Building Products during the third quarter valued at $17,972,000. Institutional investors own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBP. DA Davidson lowered their price objective on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Jefferies Financial Group raised their price objective on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday. Stephens reaffirmed an "equal weight" rating and set a $240.00 price objective on shares of Installed Building Products in a research report on Monday, August 5th. Finally, Royal Bank of Canada cut Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their price target for the stock from $203.00 to $197.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and a consensus target price of $253.70.

Installed Building Products Price Performance

Shares of NYSE:IBP traded up $5.85 during trading on Friday, reaching $217.09. The stock had a trading volume of 349,108 shares, compared to its average volume of 354,395. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The business has a fifty day moving average price of $230.72 and a 200-day moving average price of $223.09. The stock has a market cap of $6.11 billion, a PE ratio of 24.10 and a beta of 1.95. Installed Building Products, Inc. has a 1-year low of $144.15 and a 1-year high of $281.04.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products's dividend payout ratio (DPR) is currently 15.56%.

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.