Installed Building Products, Inc. (NYSE:IBP) Position Boosted by Pier Capital LLC

Pier Capital LLC grew its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 25.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,135 shares of the construction company's stock after acquiring an additional 7,280 shares during the quarter. Installed Building Products comprises about 1.3% of Pier Capital LLC's investment portfolio, making the stock its 19th largest holding. Pier Capital LLC owned about 0.13% of Installed Building Products worth $8,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Installed Building Products during the third quarter valued at about $29,000. GHP Investment Advisors Inc. raised its stake in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock valued at $57,000 after purchasing an additional 140 shares in the last quarter. CWM LLC raised its stake in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after purchasing an additional 62 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Trading Up 0.4 %

NYSE IBP traded up $0.93 on Friday, hitting $214.37. 173,199 shares of the company were exchanged, compared to its average volume of 294,603. The company's 50 day moving average price is $227.40 and its 200-day moving average price is $223.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm has a market capitalization of $6.03 billion, a P/E ratio of 23.82 and a beta of 1.93. Installed Building Products, Inc. has a twelve month low of $158.50 and a twelve month high of $281.04.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.65%. Installed Building Products's dividend payout ratio (DPR) is presently 15.56%.

Analyst Upgrades and Downgrades

IBP has been the topic of several research reports. DA Davidson dropped their price target on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Evercore ISI boosted their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Royal Bank of Canada cut shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price target for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $253.70.

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.