Quest Partners LLC Lowers Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Quest Partners LLC reduced its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 79.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,029 shares of the construction company's stock after selling 3,970 shares during the period. Quest Partners LLC's holdings in Installed Building Products were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBP. V Square Quantitative Management LLC bought a new stake in shares of Installed Building Products in the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. increased its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after buying an additional 78 shares during the last quarter. CWM LLC increased its holdings in shares of Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock worth $52,000 after buying an additional 62 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Installed Building Products by 41.7% in the 3rd quarter. GAMMA Investing LLC now owns 649 shares of the construction company's stock worth $160,000 after buying an additional 191 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Installed Building Products in the 3rd quarter worth about $203,000. 99.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stephens reiterated an "equal weight" rating and set a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. Royal Bank of Canada downgraded shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and cut their price target for the company from $203.00 to $197.00 in a report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, Truist Financial upped their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the company a "hold" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $253.70.

Installed Building Products Price Performance

Installed Building Products stock opened at $225.42 on Wednesday. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 25.05 and a beta of 1.95. 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 1 year low of $145.13 and a 1 year high of $281.04. The firm has a 50-day moving average of $230.91 and a two-hundred day moving average of $222.92.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.62%. Installed Building Products's payout ratio is presently 15.56%.

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.