Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,598 shares of the construction company's stock after buying an additional 5,213 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.47% of Installed Building Products worth $23,238,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Curio Wealth LLC acquired a new stake in shares of Installed Building Products during the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC increased its stake in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares in the last quarter. Quarry LP raised its holdings in Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after purchasing an additional 286 shares during the last quarter. Headlands Technologies LLC boosted its position in Installed Building Products by 819.0% during the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock worth $127,000 after purchasing an additional 647 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after purchasing an additional 186 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Trading Down 1.7 %

IBP stock traded down $2.84 during midday trading on Friday, hitting $167.53. The stock had a trading volume of 104,460 shares, compared to its average volume of 329,558. Installed Building Products, Inc. has a 12-month low of $153.85 and a 12-month high of $281.04. The firm has a market cap of $4.65 billion, a PE ratio of 18.60 and a beta of 1.84. The company's 50-day moving average price is $173.67 and its 200 day moving average price is $198.20. 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.37 dividend. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's dividend payout ratio is presently 16.26%.

Analyst Ratings Changes

Several research firms have recently issued reports on IBP. Loop Capital cut their price target on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Seaport Res Ptn cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft began coverage on 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. Finally, DA Davidson reduced their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $216.09.

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.