UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Installed Building Products, Inc. (NYSE:IBP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,707 shares of the construction company's stock after selling 4,406 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Installed Building Products worth $24,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in Installed Building Products during the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. increased its position 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 acquiring an additional 78 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company's stock worth $57,000 after acquiring an additional 140 shares during the last quarter. CWM LLC lifted its position in Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after acquiring an additional 62 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Installed Building Products in the 3rd quarter valued at approximately $111,000. Institutional investors own 99.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their target price for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI raised their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, DA Davidson decreased their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $253.70.

Installed Building Products Stock Performance

NYSE IBP traded up $0.93 during trading hours on Friday, hitting $214.37. 173,199 shares of the company's stock traded hands, compared to its average volume of 291,807. Installed Building Products, Inc. has a 52 week low of $158.50 and a 52 week high of $281.04. The firm has a market capitalization of $6.03 billion, a P/E ratio of 23.82 and a beta of 1.93. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The business's fifty day moving average price is $227.40 and its two-hundred day moving average price is $222.84.

Installed Building Products Dividend Announcement

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