Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Barclays PLC

Barclays PLC lifted its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,627 shares of the construction company's stock after purchasing an additional 25,916 shares during the period. Barclays PLC owned about 0.44% of Installed Building Products worth $21,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IBP. Norges Bank acquired a new position in shares of Installed Building Products in the fourth quarter worth about $28,509,000. Raymond James Financial Inc. acquired a new position in Installed Building Products in the 4th quarter worth about $23,776,000. FIL Ltd boosted its position in Installed Building Products by 14.0% during the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after purchasing an additional 127,215 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Installed Building Products by 25.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock valued at $72,268,000 after purchasing an additional 83,205 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Installed Building Products by 112.6% in the fourth quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock valued at $26,949,000 after buying an additional 81,455 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Trading Down 1.9 %

NYSE:IBP traded down $3.29 during trading hours on Friday, hitting $166.98. The company had a trading volume of 64,310 shares, compared to its average volume of 332,963. Installed Building Products, Inc. has a 1 year low of $151.27 and a 1 year high of $281.04. The company has a market cap of $4.61 billion, a P/E ratio of 18.55 and a beta of 1.84. The company has a 50-day moving average of $169.42 and a 200 day moving average of $192.95. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were 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 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. DA Davidson decreased their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Truist Financial cut their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Two research 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. Based on data from MarketBeat, Installed Building Products has an average rating of "Hold" and an average target price of $216.09.

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.