Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 146.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,270 shares of the construction company's stock after buying an additional 3,130 shares during the period. Laurus Investment Counsel Inc.'s holdings in Installed Building Products were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its position in Installed Building Products by 8.4% during the third quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock valued at $307,472,000 after acquiring an additional 96,780 shares during the last quarter. FMR LLC increased its position in Installed Building Products by 61.5% during the third quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after acquiring an additional 367,628 shares during the last quarter. Geode Capital Management LLC increased its position in Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock valued at $153,452,000 after acquiring an additional 23,179 shares during the last quarter. Swedbank AB increased its position in Installed Building Products by 26.4% during the fourth quarter. Swedbank AB now owns 330,000 shares of the construction company's stock valued at $57,832,000 after acquiring an additional 69,000 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Installed Building Products by 6.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock valued at $81,063,000 after acquiring an additional 20,155 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their target price for the company from $203.00 to $197.00 in a research note on Friday, November 8th. The Goldman Sachs Group lowered their target price on shares of 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. StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson lowered their target price on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and a consensus target price of $240.40.

Installed Building Products Price Performance

IBP stock traded up $0.02 during midday trading on Wednesday, reaching $192.81. The stock had a trading volume of 100,895 shares, compared to its average volume of 298,216. The company's fifty day simple moving average is $194.49 and its 200 day simple moving average is $216.10. 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 $5.43 billion, a price-to-earnings ratio of 21.47 and a beta of 1.99. Installed Building Products, Inc. has a 52-week low of $169.02 and a 52-week high of $281.04.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.73%. Installed Building Products's payout ratio is currently 15.56%.

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.