Atria Investments Inc Sells 157 Shares of Installed Building Products, Inc. (NYSE:IBP)

Atria Investments Inc decreased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,383 shares of the construction company’s stock after selling 157 shares during the period. Atria Investments Inc’s holdings in Installed Building Products were worth $418,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IBP. Oppenheimer Asset Management Inc. acquired a new position in Installed Building Products during the third quarter worth $243,000. CIBC Asset Management Inc acquired a new position in Installed Building Products during the third quarter worth $203,000. Natixis Advisors LLC boosted its holdings in Installed Building Products by 6.4% during the third quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company’s stock worth $18,286,000 after purchasing an additional 4,451 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Installed Building Products by 6.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock worth $81,063,000 after purchasing an additional 20,155 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Installed Building Products by 379.5% during the third quarter. Thrivent Financial for Lutherans now owns 93,439 shares of the construction company’s stock worth $23,012,000 after purchasing an additional 73,952 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 1.8 %

IBP opened at $171.64 on Monday. The company’s 50 day moving average is $182.38 and its 200-day moving average is $205.35. Installed Building Products, Inc. has a 1-year low of $159.77 and a 1-year high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.76 billion, a P/E ratio of 19.07 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.86%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. The Goldman Sachs Group cut their price target on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI cut shares of 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, Benchmark cut their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and a consensus price target of $219.40.

Installed Building Products 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.