Moody Aldrich Partners LLC Purchases 4,568 Shares of Installed Building Products, Inc. (NYSE:IBP)

Moody Aldrich Partners LLC boosted its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 28.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,729 shares of the construction company's stock after acquiring an additional 4,568 shares during the quarter. Moody Aldrich Partners LLC owned 0.07% of Installed Building Products worth $3,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IBP. KBC Group NV grew its holdings in Installed Building Products by 293.5% in the 4th quarter. KBC Group NV now owns 2,562 shares of the construction company's stock worth $449,000 after acquiring an additional 1,911 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Installed Building Products by 7.9% in 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 during the last quarter. Inspire Investing LLC increased its holdings in Installed Building Products by 30.4% during the 4th quarter. Inspire Investing LLC now owns 2,490 shares of the construction company's stock valued at $436,000 after purchasing an additional 580 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Installed Building Products by 34.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,399 shares of the construction company's stock valued at $245,000 after purchasing an additional 357 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its holdings in Installed Building Products by 61.5% in the 4th quarter. Radnor Capital Management LLC now owns 6,138 shares of the construction company's stock worth $1,076,000 after buying an additional 2,338 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Down 3.6 %

Shares of NYSE IBP traded down $7.48 on Friday, reaching $198.74. 486,667 shares of the company's stock traded hands, compared to its average volume of 271,634. 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 $5.59 billion, a price-to-earnings ratio of 22.08 and a beta of 1.98. The business's 50 day simple moving average is $196.10 and its two-hundred day simple moving average is $217.00. Installed Building Products, Inc. has a 12 month low of $169.02 and a 12 month high of $281.04.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, December 13th. Installed Building Products's dividend payout ratio (DPR) is 15.56%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBP. Royal Bank of Canada downgraded Installed Building Products from a "sector perform" rating to an "underperform" rating and decreased their target price for the company from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI lowered shares of Installed Building Products from an "outperform" rating to an "underperform" rating and decreased their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group reduced 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 research report on Tuesday, January 14th. Finally, DA Davidson lowered their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a 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 assigned a buy rating to the company's stock. According to data from MarketBeat, Installed Building Products has a consensus rating of "Hold" and a consensus target price of $240.40.

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.