Blue Trust Inc. Has $220,000 Holdings in Installed Building Products, Inc. (NYSE:IBP)

Blue Trust Inc. increased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,257 shares of the construction company’s stock after acquiring an additional 92 shares during the period. Blue Trust Inc.’s holdings in Installed Building Products were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. lifted its holdings in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the period. NBC Securities Inc. grew its holdings in shares of Installed Building Products by 6.4% in the 3rd quarter. NBC Securities Inc. now owns 1,784 shares of the construction company’s stock valued at $439,000 after acquiring an additional 108 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter worth $29,000. Truist Financial Corp increased its stake in shares of Installed Building Products by 0.8% during the 2nd quarter. Truist Financial Corp now owns 16,084 shares of the construction company’s stock worth $3,308,000 after purchasing an additional 120 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Installed Building Products by 15.3% in the third quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock valued at $255,000 after buying an additional 137 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBP has been the subject of a number of research analyst reports. DA Davidson reduced their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Jefferies Financial Group boosted 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 report on Wednesday, October 9th. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $203.00 to $197.00 in a research note on Friday, November 8th. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $240.40.

Installed Building Products Stock Down 5.6 %

Shares of NYSE IBP opened at $187.61 on Tuesday. Installed Building Products, Inc. has a 12-month low of $169.02 and a 12-month high of $281.04. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market cap of $5.28 billion, a PE ratio of 20.85 and a beta of 1.99. The company’s fifty day simple moving average is $196.10 and its 200 day simple moving average is $216.83.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were paid a $0.35 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.75%. Installed Building Products’s dividend payout ratio is presently 15.56%.

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.