Sanctuary Advisors LLC Invests $353,000 in Installed Building Products, Inc. (NYSE:IBP)

Sanctuary Advisors LLC bought a new position in shares of Installed Building Products, Inc. (NYSE:IBP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,433 shares of the construction company’s stock, valued at approximately $353,000.

A number of other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its stake in Installed Building Products by 15.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock worth $255,000 after acquiring an additional 137 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Installed Building Products by 121.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock worth $3,963,000 after acquiring an additional 8,815 shares during the period. Coldstream Capital Management Inc. bought a new position in Installed Building Products during the 3rd quarter worth $203,000. Geode Capital Management LLC increased its stake in Installed Building Products by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after acquiring an additional 23,179 shares during the period. Finally, Barclays PLC increased its stake in Installed Building Products by 61.9% during the 3rd quarter. Barclays PLC now owns 97,711 shares of the construction company’s stock worth $24,063,000 after acquiring an additional 37,347 shares during the period. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $174.32 on Friday. Installed Building Products, Inc. has a one year low of $168.08 and a one year high of $281.04. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.37 and a beta of 1.93. The business has a 50-day simple moving average of $212.50 and a 200 day simple moving average of $220.90. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $203.00 to $197.00 in a report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. DA Davidson reduced their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and an average price target of $247.10.

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.