Vaughan Nelson Investment Management L.P. Decreases Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,011 shares of the construction company's stock after selling 64,630 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.09% of Installed Building Products worth $63,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Installed Building Products during the fourth quarter valued at $838,000. Cerity Partners LLC raised its position in Installed Building Products by 26.2% in the 4th quarter. Cerity Partners LLC now owns 4,639 shares of the construction company's stock valued at $849,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Installed Building Products in the fourth quarter worth $2,157,000. Strs Ohio grew its holdings in shares of Installed Building Products by 35.7% during the fourth quarter. Strs Ohio now owns 1,900 shares of the construction company's stock worth $347,000 after purchasing an additional 500 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Installed Building Products in the fourth quarter valued at $276,000. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Down 2.1 %

Shares of Installed Building Products stock traded down $4.46 during trading on Friday, hitting $206.82. 244,197 shares of the company were exchanged, compared to its average volume of 302,469. The firm has a market capitalization of $5.88 billion, a P/E ratio of 23.40 and a beta of 1.93. The firm's fifty day moving average price is $221.08 and its 200 day moving average price is $226.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.67. Installed Building Products, Inc. has a 1-year low of $106.01 and a 1-year high of $281.04.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be given a $0.35 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.40 annualized dividend and a yield of 0.68%. Installed Building Products's dividend payout ratio is currently 15.84%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports 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, August 9th. Truist Financial increased their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the company a "hold" rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Stephens reaffirmed an "equal weight" rating and set a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. Finally, Jefferies Financial Group upped their price target on Installed Building Products from $239.00 to $250.00 and gave the company a "hold" rating in a research note on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Installed Building Products presently has a consensus rating of "Hold" and an average price target of $255.20.

Insider Buying and Selling

In other Installed Building Products news, Director Janet E. Jackson sold 2,122 shares of Installed Building Products stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $211.65, for a total value of $449,121.30. Following the sale, the director now owns 7,046 shares of the company's stock, valued at approximately $1,491,285.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.50% of the company's stock.

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.