First Trust Advisors LP Grows Position in Installed Building Products, Inc. (NYSE:IBP)

First Trust Advisors LP increased its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 69.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 485,727 shares of the construction company's stock after purchasing an additional 199,657 shares during the quarter. First Trust Advisors LP owned 1.73% of Installed Building Products worth $85,124,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Installed Building Products by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock worth $462,100,000 after acquiring an additional 16,597 shares during the period. FIL Ltd boosted its position in Installed Building Products by 14.0% in 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Installed Building Products by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock valued at $111,053,000 after purchasing an additional 10,553 shares during the period. Giverny Capital Inc. lifted its stake in shares of Installed Building Products by 3.6% in the 4th quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock worth $88,455,000 after purchasing an additional 17,620 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Installed Building Products by 25.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock worth $72,268,000 after purchasing an additional 83,205 shares during the period. Institutional investors own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IBP. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price for the company. Benchmark decreased their target price on 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 cut their price target on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. The Goldman Sachs Group decreased their price objective on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, DA Davidson cut their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Price Performance

IBP traded down $1.78 during trading on Friday, reaching $168.49. 260,483 shares of the company traded hands, compared to its average volume of 333,730. The company has a market cap of $4.65 billion, a P/E ratio of 18.72 and a beta of 1.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a 12-month low of $151.27 and a 12-month high of $281.04. The firm has a fifty day simple moving average of $169.42 and a 200 day simple moving average of $192.95.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.88%. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

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.