XTX Topco Ltd Makes New $429,000 Investment in Installed Building Products, Inc. (NYSE:IBP)

XTX Topco Ltd acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,448 shares of the construction company's stock, valued at approximately $429,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in Installed Building Products in the third quarter valued at about $260,000. Barclays PLC grew its holdings in shares of Installed Building Products by 61.9% during the 3rd quarter. Barclays PLC now owns 97,711 shares of the construction company's stock valued at $24,063,000 after purchasing an additional 37,347 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Installed Building Products during the 3rd quarter worth approximately $353,000. Franklin Resources Inc. lifted its stake in Installed Building Products by 13.0% in the 3rd quarter. Franklin Resources Inc. now owns 193,766 shares of the construction company's stock valued at $48,368,000 after purchasing an additional 22,367 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Installed Building Products by 14.3% during the fourth quarter. Park Avenue Securities LLC now owns 3,011 shares of the construction company's stock worth $528,000 after buying an additional 376 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBP has been the topic of a number of research reports. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Benchmark reduced their target price on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. DA Davidson dropped their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Finally, The Goldman Sachs Group reduced their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Stock Down 1.0 %

IBP traded down $1.78 during midday trading on Friday, hitting $168.49. The company had a trading volume of 260,483 shares, compared to its average volume of 334,118. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.72 and a beta of 1.84. The stock's 50 day moving average price is $169.32 and its 200 day moving average price is $192.45. 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 $151.27 and a 52 week high of $281.04.

Installed Building Products Increases Dividend

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

About Installed Building Products

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.