Eagle Asset Management Inc. Acquires 18,466 Shares of Installed Building Products, Inc. (NYSE:IBP)

Eagle Asset Management Inc. increased its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 48.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,809 shares of the construction company's stock after buying an additional 18,466 shares during the period. Eagle Asset Management Inc. owned about 0.20% of Installed Building Products worth $13,990,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBP. Charles Schwab Investment Management Inc. increased its position in Installed Building Products by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock worth $68,065,000 after buying an additional 21,942 shares during the period. L & S Advisors Inc acquired a new position in Installed Building Products during the 3rd quarter valued at about $3,204,000. Intech Investment Management LLC grew its position in Installed Building Products by 496.2% in the 3rd quarter. Intech Investment Management LLC now owns 16,850 shares of the construction company's stock worth $4,150,000 after purchasing an additional 14,024 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after purchasing an additional 140 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its holdings in shares of Installed Building Products by 1.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 65,299 shares of the construction company's stock valued at $16,081,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on IBP shares. The Goldman Sachs Group raised their target price on shares of Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. DA Davidson dropped their target price on Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Stephens reaffirmed an "equal weight" rating and set a $240.00 price target on shares of Installed Building Products in a research note on Monday, August 5th. Jefferies Financial Group upped their price target on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $253.70.

Installed Building Products Stock Up 2.8 %

IBP stock traded up $5.85 during trading hours on Friday, hitting $217.09. The company's stock had a trading volume of 349,108 shares, compared to its average volume of 354,395. The stock has a 50 day moving average price of $230.72 and a two-hundred day moving average price of $222.99. Installed Building Products, Inc. has a 12 month low of $144.15 and a 12 month high of $281.04. The company has a market capitalization of $6.11 billion, a PE ratio of 24.12 and a beta of 1.95. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.64%. The ex-dividend date is Friday, December 13th. Installed Building Products's payout ratio is 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.