UniSuper Management Pty Ltd Has $4.40 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

UniSuper Management Pty Ltd decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,085 shares of the construction company's stock after selling 3,200 shares during the quarter. UniSuper Management Pty Ltd owned about 0.09% of Installed Building Products worth $4,396,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Curio Wealth LLC bought a new position in shares of Installed Building Products during the fourth quarter worth $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 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after purchasing an additional 286 shares in the last quarter. Smartleaf Asset Management LLC grew 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. bought a new stake in Installed Building Products during the 3rd quarter worth approximately $111,000. Institutional investors and hedge funds own 99.61% of the company's stock.

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Installed Building Products Stock Performance

Shares of IBP stock traded up $1.16 on Monday, reaching $171.79. The stock had a trading volume of 353,042 shares, compared to its average volume of 323,145. Installed Building Products, Inc. has a 12 month low of $159.77 and a 12 month high of $281.04. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 19.09 and a beta of 2.05. The firm's 50-day moving average is $180.70 and its two-hundred day moving average is $202.76. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. This is a boost 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 Ratings Changes

Several research analysts have recently weighed in on IBP shares. StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Loop Capital cut their price target on Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Seaport Res Ptn cut Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. DA Davidson dropped their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Evercore ISI downgraded 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. 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 stock. According to data from MarketBeat, Installed Building Products presently has a consensus rating of "Hold" and an average price target of $219.40.

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.