Installed Building Products, Inc. (NYSE:IBP) Position Cut by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,198 shares of the construction company's stock after selling 2,445 shares during the quarter. Level Four Advisory Services LLC's holdings in Installed Building Products were worth $736,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Curio Wealth LLC purchased a new stake in Installed Building Products during the 4th quarter worth approximately $30,000. Advisors Asset Management Inc. grew its position in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock worth $57,000 after buying an additional 140 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after buying an additional 272 shares during the last quarter. Quarry LP raised its holdings in Installed Building Products by 953.3% in the third quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after acquiring an additional 286 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in Installed Building Products by 20.0% during the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Remove Ads

Installed Building Products Stock Performance

IBP traded up $9.40 during trading on Friday, reaching $173.19. 784,236 shares of the company were exchanged, compared to its average volume of 325,810. Installed Building Products, Inc. has a 52 week low of $156.50 and a 52 week 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 firm has a 50 day moving average of $177.57 and a 200 day moving average of $201.31. The stock has a market cap of $4.81 billion, a P/E ratio of 19.24 and a beta of 2.05.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's dividend payout ratio (DPR) is 16.26%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IBP shares. StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday. They issued a "hold" rating and a $183.00 price objective for the company. Seaport Res Ptn downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Benchmark lowered their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Evercore ISI lowered Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. 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. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and a consensus target price 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.