Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its stake in Installed Building Products, Inc. (NYSE:IBP) by 48.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 56,809 shares of the construction company’s stock after buying an additional 18,466 shares during the period. Eagle Asset Management Inc.’s holdings in Installed Building Products were worth $13,990,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Installed Building Products by 11.6% in the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock valued at $85,357,000 after acquiring an additional 43,000 shares during the last quarter. Blue Trust Inc. grew its position in shares of Installed Building Products by 456.2% during the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company’s stock valued at $784,000 after buying an additional 3,125 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock worth $51,107,000 after acquiring an additional 183,696 shares during the last quarter. Summit Global Investments acquired a new position in Installed Building Products in the second quarter valued at approximately $1,146,000. Finally, Creative Planning grew its holdings in shares of Installed Building Products by 39.6% during the third quarter. Creative Planning now owns 7,712 shares of the construction company’s stock valued at $1,899,000 after purchasing an additional 2,187 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $217.09 on Friday. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 24.12 and a beta of 1.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a 12 month low of $144.15 and a 12 month high of $281.04. The stock’s 50 day moving average price is $230.72 and its 200 day moving average price is $223.09.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.64%. Installed Building Products’s dividend payout ratio is currently 15.56%.

Wall Street Analysts Forecast Growth

IBP has been the topic of several recent research reports. DA Davidson cut their price target on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group boosted their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group boosted their target price on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus price target of $253.70.

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.