GAMMA Investing LLC Decreases Stock Position in Installed Building Products, Inc. (NYSE:IBP)

GAMMA Investing LLC cut its stake in Installed Building Products, Inc. (NYSE:IBPFree Report) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 476 shares of the construction company’s stock after selling 173 shares during the quarter. GAMMA Investing LLC’s holdings in Installed Building Products were worth $83,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its stake in Installed Building Products by 121.1% in the third 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 purchasing an additional 8,815 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in Installed Building Products in the 3rd quarter worth about $54,499,000. Creative Planning increased its stake in Installed Building Products by 39.6% in the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company’s stock worth $1,899,000 after buying an additional 2,187 shares during the period. Natixis Advisors LLC lifted its holdings in Installed Building Products by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company’s stock valued at $18,286,000 after buying an additional 4,451 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Installed Building Products by 54.0% in the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock valued at $11,633,000 after buying an additional 16,569 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBP has been the subject of several research analyst reports. DA Davidson decreased their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price target for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $247.10.

View Our Latest Stock Report on Installed Building Products

Installed Building Products Price Performance

Shares of IBP opened at $172.35 on Friday. The company has a 50 day moving average of $200.51 and a two-hundred day moving average of $218.23. 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 twelve month low of $169.02 and a twelve month high of $281.04. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 19.15 and a beta of 1.98.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were given a $0.35 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.81%. Installed Building Products’s payout ratio is 15.56%.

About Installed Building Products

(Free Report)

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.

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Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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