Kennedy Capital Management LLC Acquires 3,927 Shares of Installed Building Products, Inc. (NYSE:IBP)

Kennedy Capital Management LLC lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,216 shares of the construction company's stock after purchasing an additional 3,927 shares during the quarter. Kennedy Capital Management LLC owned 0.31% of Installed Building Products worth $15,285,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Arizona State Retirement System grew its stake in Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after buying an additional 56 shares in the last quarter. Dana Investment Advisors Inc. increased its stake in Installed Building Products by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock valued at $1,363,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. raised its position in Installed Building Products by 7.9% during the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after purchasing an additional 92 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Installed Building Products by 2.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock worth $617,000 after purchasing an additional 93 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Installed Building Products by 8.9% in the 4th quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after purchasing an additional 128 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on IBP shares. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. DA Davidson lowered their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Loop Capital reduced their price objective on Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. The Goldman Sachs Group lowered their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial reduced their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Trading Down 2.0 %

NYSE IBP traded down $3.39 during trading on Tuesday, hitting $164.95. The company had a trading volume of 73,484 shares, compared to its average volume of 331,642. The company's fifty day moving average is $172.70 and its 200-day moving average is $196.81. Installed Building Products, Inc. has a one year low of $153.85 and a one year high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 18.33 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently disclosed 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. This represents a $1.48 annualized dividend and a yield of 0.90%. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products's payout ratio is presently 16.26%.

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.