Blue Trust Inc. Sells 2,645 Shares of Installed Building Products, Inc. (NYSE:IBP)

Blue Trust Inc. trimmed its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 69.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,165 shares of the construction company's stock after selling 2,645 shares during the quarter. Blue Trust Inc.'s holdings in Installed Building Products were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBP. Diversified Trust Co raised its holdings in Installed Building Products by 4.7% during the first quarter. Diversified Trust Co now owns 1,975 shares of the construction company's stock valued at $511,000 after acquiring an additional 89 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Installed Building Products in the 1st quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC bought a new position in Installed Building Products in the 1st quarter worth approximately $850,000. Benjamin F. Edwards & Company Inc. grew its holdings in Installed Building Products by 50.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 263 shares of the construction company's stock valued at $68,000 after buying an additional 88 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Installed Building Products by 17.6% during the first quarter. Van ECK Associates Corp now owns 14,904 shares of the construction company's stock valued at $3,856,000 after buying an additional 2,234 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBP. The Goldman Sachs Group raised their target price on shares of Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Evercore ISI increased their price target on Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. StockNews.com raised Installed Building Products from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank of Canada increased their target price on Installed Building Products from $201.00 to $203.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. Finally, Truist Financial boosted their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.40.

Installed Building Products Trading Up 0.0 %

Shares of Installed Building Products stock traded up $0.05 during trading on Friday, hitting $230.67. The stock had a trading volume of 204,094 shares, compared to its average volume of 287,852. Installed Building Products, Inc. has a 12 month low of $106.92 and a 12 month high of $281.04. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59. The firm's fifty day simple moving average is $230.52 and its 200-day simple moving average is $226.37. The stock has a market cap of $6.56 billion, a PE ratio of 26.07 and a beta of 1.94.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.13. The business had revenue of $737.60 million during the quarter, compared to the consensus estimate of $743.86 million. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. As a group, sell-side analysts expect that Installed Building Products, Inc. will post 11.06 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, September 13th. Installed Building Products's dividend payout ratio (DPR) is presently 15.84%.

Installed Building Products 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.