Invesco Ltd. lessened its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 212,220 shares of the construction company's stock after selling 150,911 shares during the quarter. Invesco Ltd. owned 0.75% of Installed Building Products worth $37,192,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. HighTower Advisors LLC purchased a new position in shares of Installed Building Products in the third quarter worth $260,000. Stifel Financial Corp grew its stake in Installed Building Products by 13.0% during the 3rd quarter. Stifel Financial Corp now owns 11,006 shares of the construction company's stock valued at $2,710,000 after purchasing an additional 1,269 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Installed Building Products by 366.7% in the third quarter. Public Employees Retirement System of Ohio now owns 854 shares of the construction company's stock valued at $210,000 after purchasing an additional 671 shares during the period. Barclays PLC raised its stake in shares of Installed Building Products by 61.9% in the third quarter. Barclays PLC now owns 97,711 shares of the construction company's stock worth $24,063,000 after purchasing an additional 37,347 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Installed Building Products in the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 99.61% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on IBP shares. DA Davidson decreased their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Benchmark decreased their target price on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their price target on shares of 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, Loop Capital decreased their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Two equities 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $216.09.
Get Our Latest Stock Report on IBP
Installed Building Products Trading Down 3.2 %
Shares of NYSE IBP traded down $5.04 during trading on Monday, hitting $153.20. 128,214 shares of the company were exchanged, compared to its average volume of 332,907. 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 $151.32 and a 12-month high of $281.04. The company has a fifty day moving average price of $170.63 and a 200-day moving average price of $194.41. The firm has a market capitalization of $4.23 billion, a PE ratio of 17.02 and a beta of 1.84.
Installed Building Products Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.97%. Installed Building Products's dividend payout ratio (DPR) is currently 16.26%.
About Installed Building Products
(
Free Report)
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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