Jump Financial LLC Buys 5,212 Shares of Installed Building Products, Inc. (NYSE:IBP)

Jump Financial LLC raised its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,128 shares of the construction company's stock after purchasing an additional 5,212 shares during the period. Jump Financial LLC owned about 0.05% of Installed Building Products worth $2,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBP. Curio Wealth LLC purchased a new position in shares of Installed Building Products during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC grew its position in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares in the last quarter. Headlands Technologies LLC grew its position in Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after acquiring an additional 647 shares in the last quarter. Principal Securities Inc. grew its position in shares of Installed Building Products by 20.0% during the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock worth $196,000 after buying an additional 186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Installed Building Products by 366.7% during the third quarter. Public Employees Retirement System of Ohio now owns 854 shares of the construction company's stock worth $210,000 after buying an additional 671 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

Installed Building Products stock traded up $1.65 during trading hours on Thursday, hitting $165.91. The stock had a trading volume of 42,935 shares, compared to its average volume of 332,805. Installed Building Products, Inc. has a fifty-two week low of $148.70 and a fifty-two week high of $281.04. The company has a market cap of $4.58 billion, a PE ratio of 18.41 and a beta of 1.84. The company has a 50-day moving average of $169.58 and a two-hundred day moving average of $193.41. The company has a quick ratio of 2.50, a current ratio of 2.99 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.89%. Installed Building Products's dividend payout ratio is currently 16.26%.

Analyst Ratings Changes

IBP has been the subject of several recent research reports. Benchmark lowered their target price on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a report on Monday, March 3rd. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. 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 report on Monday, March 3rd. The Goldman Sachs Group reduced their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $216.09.

About Installed Building Products

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.