Charles Schwab Investment Management Inc. Buys 5,259 Shares of Installed Building Products, Inc. (NYSE:IBP)

Charles Schwab Investment Management Inc. increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,642 shares of the construction company’s stock after buying an additional 5,259 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.00% of Installed Building Products worth $49,358,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Installed Building Products by 7.9% during the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock worth $220,000 after purchasing an additional 92 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Installed Building Products by 8.9% during 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 last quarter. TD Private Client Wealth LLC increased its position in shares of Installed Building Products by 15.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock valued at $255,000 after purchasing an additional 137 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Installed Building Products by 4.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,425 shares of the construction company’s stock worth $843,000 after acquiring an additional 140 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position 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 worth $57,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Down 1.4 %

Shares of NYSE IBP opened at $168.95 on Friday. 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 stock has a market capitalization of $4.69 billion, a PE ratio of 18.77 and a beta of 2.05. The stock’s fifty day simple moving average is $182.45 and its two-hundred day simple moving average is $205.98. Installed Building Products, Inc. has a 12-month low of $159.76 and a 12-month high of $281.04.

Installed Building Products Increases Dividend

The business also recently announced 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. This represents a $1.48 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IBP shares. Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $238.00 to $206.00 in a research note on Monday, December 16th. The Goldman Sachs Group cut their price objective on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Truist Financial decreased their target price on Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products currently has an average 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.