Cerity Partners LLC Has $1.53 Million Position in Installed Building Products, Inc. (NYSE:IBP)

Cerity Partners LLC cut its stake in Installed Building Products, Inc. (NYSE:IBP) by 39.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,213 shares of the construction company’s stock after selling 4,104 shares during the period. Cerity Partners LLC’s holdings in Installed Building Products were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. grew its holdings in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. CWM LLC grew its holdings in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the period. Advisors Asset Management Inc. grew its holdings in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after purchasing an additional 140 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Installed Building Products by 41.7% during the third quarter. GAMMA Investing LLC now owns 649 shares of the construction company’s stock valued at $160,000 after purchasing an additional 191 shares during the period. 99.61% of the stock is owned by institutional investors.

Installed Building Products Trading Down 0.4 %

Installed Building Products stock opened at $223.29 on Wednesday. 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, Inc. has a one year low of $152.06 and a one year high of $281.04. The stock has a market capitalization of $6.28 billion, a PE ratio of 24.81 and a beta of 1.93. The business’s fifty day moving average is $229.07 and its 200 day moving average is $222.90.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio is presently 15.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IBP shares. JPMorgan Chase & Co. increased their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Evercore ISI upped their price target 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. 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 research report on Wednesday, October 9th. DA Davidson cut their price objective 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, StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $253.70.

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.