Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 295.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 364 shares of the construction company’s stock after purchasing an additional 272 shares during the period. Smartleaf Asset Management LLC’s holdings in Installed Building Products were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the period. Quarry LP increased its stake in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after acquiring an additional 286 shares during the period. Centaurus Financial Inc. bought a new stake in Installed Building Products during the third quarter worth approximately $111,000. Verdence Capital Advisors LLC acquired a new stake in Installed Building Products in the third quarter worth approximately $203,000. Finally, CIBC Asset Management Inc bought a new position in Installed Building Products during the 3rd quarter valued at $203,000. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial dropped their price objective on Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their price objective for the company from $238.00 to $206.00 in a research report on Monday, December 16th. The Goldman Sachs Group lowered their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Two 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.com, Installed Building Products currently has a consensus rating of “Hold” and a consensus price target of $219.40.

Installed Building Products Trading Up 1.9 %

Installed Building Products stock opened at $177.19 on Monday. Installed Building Products, Inc. has a 52 week low of $159.76 and a 52 week 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. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 19.69 and a beta of 2.05. The company has a 50 day moving average price of $182.58 and a 200 day moving average price of $207.18.

Installed Building Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.84%. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

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.