Quantbot Technologies LP Purchases 5,081 Shares of Installed Building Products, Inc. (NYSE:IBP)

Quantbot Technologies LP boosted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 178.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,924 shares of the construction company's stock after purchasing an additional 5,081 shares during the period. Quantbot Technologies LP's holdings in Installed Building Products were worth $1,389,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new stake in shares of Installed Building Products during the 4th quarter valued at $30,000. Advisors Asset Management Inc. raised its position 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 worth $57,000 after purchasing an additional 140 shares during the period. Quarry LP lifted its holdings 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products in the 3rd quarter worth about $111,000. 99.61% of the stock is currently owned by institutional investors.

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Installed Building Products Stock Down 0.8 %

IBP traded down $1.33 during trading on Friday, reaching $170.96. 295,044 shares of the stock traded hands, compared to its average volume of 323,025. The stock's 50-day simple moving average is $181.21 and its two-hundred day simple moving average is $203.04. 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 fifty-two week low of $159.77 and a fifty-two week high of $281.04. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 19.00 and a beta of 2.05.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI lowered shares of Installed Building Products from an "outperform" rating to an "underperform" rating and reduced their price objective for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Loop Capital reduced their price target on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. DA Davidson decreased their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Seaport Res Ptn downgraded shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group reduced their target price on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Installed Building Products presently has an average rating of "Hold" and an average price target of $219.40.

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.