Pathstone Holdings LLC Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Pathstone Holdings LLC raised its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 91.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,102 shares of the construction company's stock after purchasing an additional 3,396 shares during the quarter. Pathstone Holdings LLC's holdings in Installed Building Products were worth $1,749,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IBP. Joseph Group Capital Management acquired a new position in Installed Building Products during the third quarter worth $2,995,000. Prudent Man Advisors LLC purchased a new position in shares of Installed Building Products in the third quarter valued at approximately $203,000. Thrivent Financial for Lutherans grew its holdings in shares of Installed Building Products by 379.5% in the third quarter. Thrivent Financial for Lutherans now owns 93,439 shares of the construction company's stock valued at $23,012,000 after purchasing an additional 73,952 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Installed Building Products by 6.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock worth $81,063,000 after buying an additional 20,155 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in Installed Building Products by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company's stock worth $18,286,000 after buying an additional 4,451 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Stock Up 0.1 %

IBP traded up $0.12 on Thursday, reaching $225.53. The company's stock had a trading volume of 172,378 shares, compared to its average volume of 294,793. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 25.10 and a beta of 1.95. Installed Building Products, Inc. has a fifty-two week low of $145.75 and a fifty-two week high of $281.04. 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 stock has a 50 day moving average of $230.45 and a two-hundred day moving average of $222.88.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products's payout ratio is 15.56%.

Analyst Ratings Changes

Several equities analysts have commented on IBP shares. The Goldman Sachs Group boosted their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Stephens reissued an "equal weight" rating and set a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. DA Davidson reduced their price target on Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group boosted their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Installed Building Products currently has an average rating of "Hold" and an average target price of $253.70.

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.