Versor Investments LP Purchases Shares of 2,603 Installed Building Products, Inc. (NYSE:IBP)

Versor Investments LP acquired a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,603 shares of the construction company's stock, valued at approximately $641,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Installed Building Products by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company's stock valued at $683,421,000 after acquiring an additional 18,890 shares during the period. Swedbank AB boosted its position in shares of Installed Building Products by 11.6% in the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company's stock worth $85,357,000 after purchasing an additional 43,000 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Installed Building Products by 456.2% in the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company's stock worth $784,000 after buying an additional 3,125 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Installed Building Products by 1,328.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock valued at $51,107,000 after buying an additional 183,696 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Installed Building Products during the first quarter valued at $17,806,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of Installed Building Products stock traded up $0.27 during trading hours on Thursday, reaching $208.00. 281,881 shares of the stock traded hands, compared to its average volume of 294,700. Installed Building Products, Inc. has a one year low of $137.01 and a one year high of $281.04. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 23.12 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. The company has a 50 day moving average price of $230.81 and a 200 day moving average price of $224.65.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.67%. Installed Building Products's dividend payout ratio is currently 15.56%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group increased 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. Stephens reissued an "equal weight" rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. Evercore ISI upped their price objective on Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. DA Davidson reduced their target price on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, Jefferies Financial Group upped their price target on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $252.30.

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.