O Shaughnessy Asset Management LLC Sells 1,666 Shares of Installed Building Products, Inc. (NYSE:IBP)

O Shaughnessy Asset Management LLC lowered its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,150 shares of the construction company's stock after selling 1,666 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Installed Building Products were worth $552,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IBP. Arizona State Retirement System increased its position in shares of Installed Building Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock valued at $1,221,000 after acquiring an additional 56 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in shares of Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock worth $1,363,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after buying an additional 92 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Installed Building Products by 2.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock valued at $617,000 after buying an additional 93 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Installed Building Products by 8.9% during the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after buying an additional 128 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of Installed Building Products stock traded up $0.17 on Tuesday, reaching $168.51. 41,168 shares of the company traded hands, compared to its average volume of 331,509. The company has a 50 day moving average of $172.70 and a 200 day moving average of $196.81. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a 52 week low of $153.85 and a 52 week high of $281.04. The firm has a market capitalization of $4.68 billion, a PE ratio of 18.72 and a beta of 1.84.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, March 14th. Installed Building Products's dividend payout ratio is presently 16.26%.

Analysts Set New Price Targets

Several research analysts have recently commented on IBP shares. Benchmark reduced their target price on 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. Evercore ISI cut shares of Installed Building Products from an "outperform" rating to an "underperform" rating and reduced their price objective for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. DA Davidson dropped their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Truist Financial cut their target price on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Finally, Loop Capital lowered their price target on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.