Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 174,736 shares of the construction company's stock after selling 4,033 shares during the period. Loomis Sayles & Co. L P owned 0.62% of Installed Building Products worth $43,032,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Swedbank AB boosted its holdings in shares of Installed Building Products by 11.6% in the second quarter. Swedbank AB now owns 415,000 shares of the construction company's stock valued at $85,357,000 after acquiring an additional 43,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Installed Building Products by 6.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock valued at $81,063,000 after buying an additional 20,155 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Installed Building Products by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock valued at $68,065,000 after buying an additional 21,942 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Installed Building Products by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 226,428 shares of the construction company's stock worth $46,572,000 after acquiring an additional 4,943 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock worth $51,107,000 after acquiring an additional 183,696 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Trading Down 4.4 %

Shares of Installed Building Products stock traded down $10.34 during trading hours on Tuesday, reaching $225.42. 334,715 shares of the company's stock were exchanged, compared to its average volume of 295,328. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 26.20 and a beta of 1.95. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 52-week low of $145.13 and a 52-week high of $281.04. The company has a fifty day moving average of $230.91 and a 200-day moving average of $222.92.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.62%. Installed Building Products's payout ratio is 15.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IBP shares. JPMorgan Chase & Co. increased their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a report on Friday. Evercore ISI boosted their price target on Installed Building Products from $271.00 to $272.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Royal Bank of Canada downgraded Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Stephens reiterated an "equal weight" rating and set a $240.00 target price on shares of Installed Building Products in a research report on Monday, August 5th. Finally, The Goldman Sachs Group raised their price target on Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $253.70.

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.