US Bancorp DE Sells 1,716 Shares of Installed Building Products, Inc. (NYSE:IBP)

US Bancorp DE lowered its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 61.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,093 shares of the construction company's stock after selling 1,716 shares during the period. US Bancorp DE's holdings in Installed Building Products were worth $192,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IBP. FMR LLC raised its stake in shares of Installed Building Products by 61.5% during the third quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after acquiring an additional 367,628 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new position in Installed Building Products during the third quarter worth $54,499,000. Wellington Management Group LLP bought a new position in Installed Building Products during the third quarter worth $34,635,000. State Street Corp raised its stake in Installed Building Products by 8.4% during the third quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock worth $307,472,000 after buying an additional 96,780 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock worth $72,268,000 after buying an additional 83,205 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IBP shares. JPMorgan Chase & Co. lifted their target price 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. Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and lowered their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Benchmark lowered their target price on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Truist Financial reduced their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $219.40.

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Installed Building Products Stock Up 1.8 %

Shares of NYSE IBP opened at $171.64 on Friday. The stock has a market capitalization of $4.76 billion, a P/E ratio of 19.07 and a beta of 2.05. The company has a 50-day moving average price of $182.38 and a 200-day moving average price of $205.46. Installed Building Products, Inc. has a 1 year low of $159.77 and a 1 year high of $281.04. 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 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 issued a dividend of $0.37 per share. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products's dividend payout ratio (DPR) is currently 16.26%.

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.

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