Pertento Partners LLP Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Pertento Partners LLP grew its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 18.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,199 shares of the construction company's stock after acquiring an additional 36,395 shares during the quarter. Installed Building Products comprises approximately 3.5% of Pertento Partners LLP's portfolio, making the stock its 14th biggest position. Pertento Partners LLP owned approximately 0.83% of Installed Building Products worth $40,868,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBP. Curio Wealth LLC purchased a new stake in shares of Installed Building Products during the fourth quarter worth approximately $30,000. Advisors Asset Management Inc. raised its position in Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock worth $57,000 after buying an additional 140 shares during the last quarter. Quarry LP lifted its stake in shares of Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 valued at $64,000 after acquiring an additional 272 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Installed Building Products during the third quarter worth about $111,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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Installed Building Products Trading Up 0.7 %

NYSE:IBP traded up $1.16 on Monday, reaching $171.79. The stock had a trading volume of 353,042 shares, compared to its average volume of 323,145. Installed Building Products, Inc. has a 12-month low of $159.77 and a 12-month high of $281.04. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 19.09 and a beta of 2.05. The firm's fifty day moving average is $180.70 and its two-hundred day moving average is $202.76. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.86%. Installed Building Products's payout ratio is 16.26%.

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of analyst reports. Truist Financial lowered their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Benchmark cut their price objective on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group decreased their target price on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. 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 research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $219.40.

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.