Vaughan Nelson Investment Management L.P. boosted its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,166 shares of the construction company's stock after acquiring an additional 20,155 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.17% of Installed Building Products worth $81,063,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of IBP. Diversified Trust Co boosted its stake in shares of Installed Building Products by 2.3% in the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company's stock worth $416,000 after buying an additional 46 shares during the last quarter. CWM LLC boosted its position in Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company's stock worth $52,000 after purchasing an additional 62 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Installed Building Products by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company's stock valued at $523,000 after purchasing an additional 63 shares during the period. Xponance Inc. increased its position in shares of Installed Building Products by 5.3% during the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company's stock valued at $312,000 after purchasing an additional 76 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake 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 purchasing an additional 78 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.
Installed Building Products Trading Down 3.8 %
IBP stock traded down $7.96 during trading on Friday, hitting $200.02. The company had a trading volume of 354,601 shares, compared to its average volume of 349,956. The firm has a market capitalization of $5.63 billion, a P/E ratio of 22.22 and a beta of 1.95. 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, Inc. has a 52-week low of $138.37 and a 52-week high of $281.04. The company has a 50 day simple moving average of $230.77 and a 200-day simple moving average of $224.15.
Installed Building Products Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, December 13th. Installed Building Products's dividend payout ratio (DPR) is presently 15.56%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on IBP. The Goldman Sachs Group boosted their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Jefferies Financial Group increased their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. DA Davidson dropped their price target on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada downgraded Installed Building Products from a "sector perform" rating to an "underperform" rating and decreased their target price for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $240.00 price objective on shares of Installed Building Products in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and an average price target of $252.30.
Get Our Latest Stock Report on Installed Building Products
About Installed Building Products
(
Free Report)
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.
Further Reading
Before you consider Installed Building Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Installed Building Products wasn't on the list.
While Installed Building Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
