Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 84.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 766 shares of the construction company's stock after selling 4,057 shares during the quarter. Meeder Asset Management Inc.'s holdings in Installed Building Products were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Installed Building Products by 61.5% in 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 period. Townsquare Capital LLC acquired a new stake in shares of Installed Building Products during the third quarter worth about $247,000. Glenmede Trust Co. NA purchased a new stake in shares of Installed Building Products in the 3rd quarter valued at about $627,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Installed Building Products by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,772 shares of the construction company's stock valued at $2,653,000 after purchasing an additional 805 shares during the period. Finally, Walleye Capital LLC grew its stake in Installed Building Products by 161.7% during the 3rd quarter. Walleye Capital LLC now owns 1,708 shares of the construction company's stock worth $421,000 after buying an additional 4,478 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Trading Up 5.7 %

NYSE IBP traded up $9.40 during trading hours on Friday, hitting $173.19. 784,236 shares of the company's stock were exchanged, compared to its average volume of 326,252. The firm has a market capitalization of $4.81 billion, a P/E ratio of 19.24 and a beta of 1.84. Installed Building Products, Inc. has a 12-month low of $157.93 and a 12-month high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The business's 50 day moving average is $177.57 and its 200-day moving average is $201.05.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid 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 annualized dividend and a dividend yield of 0.85%. Installed Building Products's payout ratio is currently 16.26%.

Analyst Ratings Changes

IBP has been the topic of several recent research reports. Evercore ISI cut shares of Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price objective for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a report on Tuesday. They issued a "hold" rating and a $183.00 price target on the stock. The Goldman Sachs Group decreased 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. DA Davidson lowered their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, 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. 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $216.09.

Installed Building Products Company 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.