Sanctuary Advisors LLC Grows Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Sanctuary Advisors LLC raised its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 8.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,561 shares of the construction company’s stock after buying an additional 128 shares during the period. Sanctuary Advisors LLC’s holdings in Installed Building Products were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBP. FMR LLC raised its stake in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after buying an additional 367,628 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new position in shares of Installed Building Products during the 3rd quarter valued at about $54,499,000. Wellington Management Group LLP purchased a new position in shares of Installed Building Products during the 3rd quarter valued at about $34,635,000. State Street Corp raised its stake in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after buying an additional 96,780 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock valued at $72,268,000 after buying an additional 83,205 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 2.4 %

IBP stock opened at $166.18 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12-month low of $159.76 and a 12-month high of $281.04. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 18.46 and a beta of 1.99. The business’s 50-day moving average is $182.67 and its 200 day moving average is $207.99.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.89%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products’s payout ratio is presently 16.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IBP shares. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Loop Capital cut their price target on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, DA Davidson cut their price target on 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $219.40.

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.