Farther Finance Advisors LLC Has $35,000 Holdings in Installed Building Products, Inc. (NYSE:IBP)

Farther Finance Advisors LLC lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 88.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198 shares of the construction company’s stock after selling 1,584 shares during the period. Farther Finance Advisors LLC’s holdings in Installed Building Products were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock valued at $1,221,000 after purchasing an additional 56 shares during the period. Dana Investment Advisors Inc. increased its holdings in shares of Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock valued at $1,363,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. increased its holdings in shares of Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after purchasing an additional 92 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of Installed Building Products by 2.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company’s stock valued at $617,000 after purchasing an additional 93 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in shares of Installed Building Products by 8.9% in the 4th quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock valued at $274,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IBP. DA Davidson dropped their target price on Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Benchmark dropped their target price on Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Loop Capital dropped their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $219.40.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $172.37 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The stock’s fifty day moving average price is $182.19 and its two-hundred day moving average price is $203.81. Installed Building Products, Inc. has a one year low of $159.77 and a one year high of $281.04. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 19.15 and a beta of 2.05.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products’s dividend payout ratio is 16.26%.

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.