Curio Wealth LLC Takes Position in Installed Building Products, Inc. (NYSE:IBP)

Curio Wealth LLC purchased a new stake in Installed Building Products, Inc. (NYSE:IBP) in the fourth quarter, Holdings Channel reports. The firm purchased 169 shares of the construction company’s stock, valued at approximately $30,000.

A number of other large investors have also made changes to their positions in the stock. Arizona State Retirement System grew its position in shares of Installed Building Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock valued at $1,221,000 after purchasing an additional 56 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of Installed Building Products by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock valued at $1,363,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. grew its position in shares of Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after purchasing an additional 92 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Installed Building Products by 2.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company’s stock valued at $617,000 after purchasing an additional 93 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Installed Building Products by 8.9% in the fourth 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 in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson lowered their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Loop Capital lowered their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Truist Financial lowered their price objective on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $219.40.

Installed Building Products Stock Down 0.1 %

NYSE:IBP opened at $171.12 on Tuesday. 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 stock’s fifty day moving average is $182.29 and its two-hundred day moving average is $205.00. Installed Building Products, Inc. has a 52 week low of $159.77 and a 52 week high of $281.04. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 19.01 and a beta of 2.05.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

About Installed Building Products

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.