Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,920 shares of the construction company's stock after buying an additional 2,297 shares during the quarter. Zions Bancorporation N.A.'s holdings in Installed Building Products were worth $2,439,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IBP. Vanguard Group Inc. increased its stake 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. State Street Corp boosted its holdings in Installed Building Products by 8.4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock valued at $307,472,000 after purchasing an additional 96,780 shares during the last quarter. FMR LLC raised its stake in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after buying an additional 367,628 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Installed Building Products by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock valued at $153,452,000 after buying an additional 23,179 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings 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 valued at $72,268,000 after buying an additional 83,205 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

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Installed Building Products Price Performance

IBP stock traded down $1.33 during mid-day trading on Friday, reaching $170.96. The company's stock had a trading volume of 295,044 shares, compared to its average volume of 323,025. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company's 50 day moving average is $180.70 and its two-hundred day moving average is $202.78. Installed Building Products, Inc. has a fifty-two week low of $159.77 and a fifty-two week high of $281.04. The stock has a market cap of $4.75 billion, a PE ratio of 19.00 and a beta of 2.05.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's payout ratio is currently 16.26%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBP. Benchmark reduced their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Seaport Res Ptn lowered shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and lowered their price target for the stock from $238.00 to $206.00 in a report on Monday, December 16th. DA Davidson decreased their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Installed Building Products presently has an average rating of "Hold" and a consensus target price of $219.40.

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.