Installed Building Products, Inc. (NYSE:IBP) Short Interest Update

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,700,000 shares, a growth of 17.2% from the February 13th total of 1,450,000 shares. Based on an average daily volume of 348,700 shares, the short-interest ratio is presently 4.9 days. Approximately 7.3% of the shares of the stock are sold short.

Institutional Trading of Installed Building Products

A number of hedge funds have recently added to or reduced their stakes in the business. Curio Wealth LLC purchased a new position in shares of Installed Building Products in the 4th quarter worth about $30,000. McIlrath & Eck LLC raised its holdings in shares of Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock worth $57,000 after purchasing an additional 140 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after purchasing an additional 272 shares during the period. Finally, Quarry LP raised its holdings in shares of Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after purchasing an additional 286 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

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Installed Building Products Trading Down 1.4 %

NYSE:IBP traded down $2.52 during mid-day trading on Friday, reaching $172.37. The company's stock had a trading volume of 1,131,120 shares, compared to its average volume of 312,427. The company's fifty day simple moving average is $182.19 and its two-hundred day simple moving average is $203.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a twelve month low of $159.77 and a twelve month high of $281.04. The stock has a market cap of $4.78 billion, a P/E ratio of 19.15 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on IBP. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Truist Financial lowered their target price 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 lowered their target price on Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Seaport Res Ptn lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Evercore ISI lowered Installed Building Products from an "outperform" rating to an "underperform" rating and lowered their target price for the company from $238.00 to $206.00 in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $219.40.

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.