Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,803 shares of the construction company’s stock after buying an additional 12,551 shares during the period. Natixis Advisors LLC owned 0.31% of Installed Building Products worth $15,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBP. Arizona State Retirement System grew its holdings in shares of Installed Building Products by 0.8% during 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 during the last quarter. Dana Investment Advisors Inc. grew its stake in Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock worth $1,363,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. increased its position in Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock worth $220,000 after buying an additional 92 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in 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 buying an additional 93 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Installed Building Products by 8.9% during the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock valued at $274,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Up 0.5 %

Shares of Installed Building Products stock opened at $171.81 on Wednesday. The business has a fifty day simple moving average of $182.24 and a 200-day simple moving average of $204.65. Installed Building Products, Inc. has a fifty-two week low of $159.77 and a fifty-two week high of $281.04. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 19.09 and a beta of 2.05. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. Installed Building Products’s dividend payout ratio is presently 16.26%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBP. Truist Financial dropped their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a report on Monday, March 3rd. Benchmark reduced their price objective on Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their target price on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.