Wellington Management Group LLP Raises Position in Installed Building Products, Inc. (NYSE:IBP)

Wellington Management Group LLP boosted its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,579 shares of the construction company's stock after buying an additional 2,939 shares during the quarter. Wellington Management Group LLP owned 0.51% of Installed Building Products worth $25,162,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IBP. Curio Wealth LLC acquired a new position in shares of Installed Building Products in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 272 shares during the period. Quarry LP boosted its stake 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 buying an additional 286 shares during the period. Principal Securities Inc. increased its position in Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock worth $196,000 after purchasing an additional 186 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in Installed Building Products during the third quarter valued at approximately $203,000. Institutional investors own 99.61% of the company's stock.

Installed Building Products Trading Down 1.5 %

IBP stock traded down $2.51 during trading on Friday, hitting $167.86. 604,636 shares of the company traded hands, compared to its average volume of 331,439. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a 1 year low of $153.85 and a 1 year high of $281.04. The company has a 50-day moving average of $173.17 and a 200-day moving average of $197.71. The firm has a market capitalization of $4.66 billion, a PE ratio of 18.65 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.88%. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products's payout ratio is presently 16.26%.

Analysts Set New Price Targets

IBP has been the subject of several research reports. Truist Financial reduced their target price on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Loop Capital dropped their target price on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. DA Davidson reduced their price target 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. Seaport Res Ptn cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Benchmark reduced their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $216.09.

Installed Building Products 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.