Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 640,511 shares of the construction company's stock after selling 12,526 shares during the period. Dimensional Fund Advisors LP owned approximately 2.28% of Installed Building Products worth $112,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Trust Advisors LP increased its stake in shares of Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after acquiring an additional 199,657 shares during the period. Norges Bank bought a new stake in shares of Installed Building Products in the 4th quarter worth $28,509,000. Raymond James Financial Inc. acquired a new stake in shares of Installed Building Products in the fourth quarter valued at $23,776,000. FIL Ltd grew its holdings 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 acquiring an additional 127,215 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position 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 worth $72,268,000 after acquiring an additional 83,205 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Performance

IBP stock opened at $168.49 on Monday. The firm has a 50 day simple moving average of $169.32 and a 200 day simple moving average of $191.82. Installed Building Products, Inc. has a 52 week low of $151.27 and a 52 week high of $281.04. The stock 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued 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 dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's payout ratio is currently 16.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IBP. DA Davidson lowered 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 research note on Friday, February 28th. Truist Financial dropped their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. Loop Capital reduced their price objective on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. The Goldman Sachs Group cut their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.

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