Mirabella Financial Services LLP Invests $792,000 in Installed Building Products, Inc. (NYSE:IBP)

Mirabella Financial Services LLP purchased a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,521 shares of the construction company's stock, valued at approximately $792,000.

Several other hedge funds also recently made changes to their positions in IBP. First Trust Advisors LP raised its stake in Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock worth $85,124,000 after acquiring an additional 199,657 shares during the period. Norges Bank bought a new stake in shares of Installed Building Products during the 4th quarter worth about $28,509,000. Raymond James Financial Inc. acquired a new stake in Installed Building Products in the fourth quarter worth approximately $23,776,000. FIL Ltd boosted its stake in Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock valued at $182,091,000 after purchasing an additional 127,215 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock valued at $72,268,000 after purchasing an additional 83,205 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.

Wall Street Analysts Forecast Growth

IBP has been the subject of a number of research analyst reports. Loop Capital cut their price target on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. DA Davidson decreased their target price 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. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Benchmark reduced their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $216.09.

Installed Building Products Stock Performance

NYSE:IBP traded down $1.78 during mid-day trading on Friday, hitting $168.49. 260,458 shares of the company's stock traded hands, compared to its average volume of 333,729. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.72 and a beta of 1.84. The firm has a 50 day moving average of $169.42 and a two-hundred day moving average of $192.95. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12 month low of $151.27 and a 12 month high of $281.04.

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 $0.37 dividend. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.88%. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

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.