Premier Fund Managers Ltd Purchases 6,734 Shares of Installed Building Products, Inc. (NYSE:IBP)

Premier Fund Managers Ltd raised its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,842 shares of the construction company's stock after acquiring an additional 6,734 shares during the period. Premier Fund Managers Ltd owned approximately 0.31% of Installed Building Products worth $15,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBP. Pathstone Holdings LLC increased its stake in Installed Building Products by 91.6% during the 3rd quarter. Pathstone Holdings LLC now owns 7,102 shares of the construction company's stock valued at $1,749,000 after purchasing an additional 3,396 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after buying an additional 140 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Installed Building Products by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock valued at $68,065,000 after acquiring an additional 21,942 shares in the last quarter. Citigroup Inc. raised its holdings in Installed Building Products by 54.0% in the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company's stock worth $11,633,000 after acquiring an additional 16,569 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products in the 3rd quarter worth approximately $111,000. 99.61% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on IBP. DA Davidson reduced their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 28th. Evercore ISI lowered Installed Building Products from an "outperform" rating to an "underperform" rating and decreased their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Benchmark dropped their price target on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Loop Capital decreased their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Installed Building Products has an average rating of "Hold" and an average target price of $219.40.

Installed Building Products Stock Performance

IBP traded up $1.16 during trading on Monday, hitting $171.79. The company's stock had a trading volume of 200,311 shares, compared to its average volume of 322,701. The firm has a market cap of $4.77 billion, a PE ratio of 19.14 and a beta of 2.05. 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 business's 50 day simple moving average is $180.70 and its 200-day simple moving average is $202.76. Installed Building Products, Inc. has a one year low of $159.77 and a one year high of $281.04.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, March 14th. Installed Building Products's payout ratio is presently 16.26%.

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.