Captrust Financial Advisors Has $1.45 Million Holdings in Installed Building Products, Inc. (NYSE:IBP)

Captrust Financial Advisors grew its holdings in Installed Building Products, Inc. (NYSE:IBP) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,886 shares of the construction company’s stock after purchasing an additional 582 shares during the period. Captrust Financial Advisors’ holdings in Installed Building Products were worth $1,450,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IBP. Diversified Trust Co increased its stake in Installed Building Products by 2.3% in the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after buying an additional 46 shares during the period. CWM LLC increased its stake in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after acquiring an additional 62 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Installed Building Products by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock worth $523,000 after acquiring an additional 63 shares during the last quarter. Xponance Inc. increased its position in Installed Building Products by 5.3% in the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after purchasing an additional 76 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its position in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBP. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday. DA Davidson dropped their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Jefferies Financial Group increased their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI increased their price objective on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $253.70.

Installed Building Products Stock Performance

NYSE IBP opened at $214.37 on Friday. Installed Building Products, Inc. has a 52-week low of $158.50 and a 52-week high of $281.04. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 23.82 and a beta of 1.93. The company’s fifty day moving average is $227.40 and its two-hundred day moving average is $222.92. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, December 13th. Installed Building Products’s payout ratio is presently 15.56%.

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.