Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Radnor Capital Management LLC

Radnor Capital Management LLC increased its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 61.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,138 shares of the construction company's stock after purchasing an additional 2,338 shares during the quarter. Radnor Capital Management LLC's holdings in Installed Building Products were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IBP. V Square Quantitative Management LLC acquired a new stake in Installed Building Products in the third quarter valued at $29,000. GHP Investment Advisors Inc. raised its holdings in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Advisors Asset Management Inc. lifted its position 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 acquiring an additional 140 shares in the last quarter. Quarry LP boosted its stake in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after acquiring an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Installed Building Products during the 3rd quarter worth about $111,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Up 2.4 %

Shares of IBP traded up $4.74 during trading on Thursday, reaching $199.20. The company's stock had a trading volume of 357,531 shares, compared to its average volume of 272,373. Installed Building Products, Inc. has a twelve month low of $169.02 and a twelve month 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 company has a market cap of $5.61 billion, a price-to-earnings ratio of 22.13 and a beta of 1.98. The company has a fifty day moving average of $197.66 and a two-hundred day moving average of $217.91.

Installed Building Products Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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 research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Seaport Res Ptn lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Finally, StockNews.com raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.