Sei Investments Co. Lowers Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Sei Investments Co. reduced its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 29.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,063 shares of the construction company's stock after selling 6,861 shares during the quarter. Sei Investments Co. owned about 0.06% of Installed Building Products worth $2,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System grew its position in Installed Building Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after acquiring an additional 56 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock valued at $1,363,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. lifted its position in Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock worth $220,000 after buying an additional 92 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Installed Building Products by 2.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock worth $617,000 after buying an additional 93 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Installed Building Products by 8.9% during the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after acquiring an additional 128 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Up 9.9 %

Shares of Installed Building Products stock traded up $15.58 during midday trading on Wednesday, reaching $173.24. 673,126 shares of the company's stock traded hands, compared to its average volume of 331,128. The company has a market cap of $4.81 billion, a PE ratio of 19.25 and a beta of 1.84. The stock has a 50 day moving average of $175.17 and a 200-day moving average of $199.36. Installed Building Products, Inc. has a 12 month low of $147.63 and a 12 month high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.85%. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is currently 16.26%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBP. The Goldman Sachs Group reduced 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 report on Tuesday, January 14th. DA Davidson reduced their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Evercore ISI lowered Installed Building Products from an "outperform" rating to an "underperform" rating and reduced their price target for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Finally, Truist Financial decreased their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and a consensus target price of $216.09.

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.