Quantbot Technologies LP decreased its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 80.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,843 shares of the construction company's stock after selling 11,783 shares during the quarter. Quantbot Technologies LP's holdings in Installed Building Products were worth $700,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after buying an additional 367,628 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Installed Building Products in the 3rd quarter valued at approximately $111,000. Citigroup Inc. raised its holdings in shares of Installed Building Products by 54.0% during the third quarter. Citigroup Inc. now owns 47,235 shares of the construction company's stock worth $11,633,000 after purchasing an additional 16,569 shares during the period. Eagle Asset Management Inc. lifted its holdings in Installed Building Products by 48.2% in the third quarter. Eagle Asset Management Inc. now owns 56,809 shares of the construction company's stock worth $13,990,000 after acquiring an additional 18,466 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Installed Building Products by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock valued at $68,065,000 after acquiring an additional 21,942 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.
Installed Building Products Stock Down 0.9 %
NYSE IBP traded down $2.11 during trading hours on Tuesday, hitting $222.03. The company's stock had a trading volume of 48,129 shares, compared to its average volume of 292,854. The company has a market capitalization of $6.25 billion, a PE ratio of 24.89 and a beta of 1.93. The company's 50-day simple moving average is $229.43 and its two-hundred day simple moving average is $222.82. Installed Building Products, Inc. has a 52 week low of $152.06 and a 52 week high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.
Installed Building Products Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.63%. Installed Building Products's payout ratio is currently 15.56%.
Wall Street Analysts Forecast Growth
Several research firms have commented on IBP. DA Davidson lowered their target price on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada lowered Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Stephens reiterated an "equal weight" rating and set a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Installed Building Products has a consensus rating of "Hold" and a consensus target price of $253.70.
Check Out Our Latest Analysis on Installed Building Products
About Installed Building Products
(
Free Report)
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.
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