Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,011 shares of the construction company’s stock after purchasing an additional 376 shares during the period. Park Avenue Securities LLC’s holdings in Installed Building Products were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in IBP. Franklin Resources Inc. boosted its holdings in Installed Building Products by 13.0% during the third quarter. Franklin Resources Inc. now owns 193,766 shares of the construction company’s stock worth $48,368,000 after buying an additional 22,367 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at approximately $353,000. TD Private Client Wealth LLC grew its holdings in shares of Installed Building Products by 15.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock worth $255,000 after acquiring an additional 137 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Installed Building Products by 121.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock worth $3,963,000 after acquiring an additional 8,815 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in Installed Building Products in the 3rd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Up 0.7 %

Shares of NYSE IBP opened at $206.20 on Friday. The firm has a market cap of $5.80 billion, a P/E ratio of 22.91 and a beta of 1.98. 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, Inc. has a 1 year low of $169.02 and a 1 year high of $281.04. The firm’s 50 day moving average price is $196.92 and its 200 day moving average price is $218.04.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IBP. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group increased their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and a consensus price target of $240.40.

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.