Hennion & Walsh Asset Management Inc. Purchases 357 Shares of Installed Building Products, Inc. (NYSE:IBP)

Hennion & Walsh Asset Management Inc. grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 34.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,399 shares of the construction company’s stock after buying an additional 357 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Installed Building Products were worth $245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Installed Building Products during the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. boosted its stake in shares of 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. Advisors Asset Management Inc. grew its holdings in shares of Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares during the last quarter. Quarry LP increased its stake in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after buying an additional 286 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products in the 3rd quarter worth about $111,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Jefferies Financial Group raised their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. DA Davidson lowered their target price 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. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $240.40.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $201.36 on Wednesday. The company has a market capitalization of $5.67 billion, a PE ratio of 22.37 and a beta of 1.98. The company has a 50-day simple moving average of $197.10 and a two-hundred day simple moving average of $218.12. Installed Building Products, Inc. has a one year low of $169.02 and a one year high of $281.04. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.70%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

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.