Pier Capital LLC Buys 1,090 Shares of Installed Building Products, Inc. (NYSE:IBP)

Pier Capital LLC increased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,225 shares of the construction company’s stock after buying an additional 1,090 shares during the quarter. Pier Capital LLC owned about 0.13% of Installed Building Products worth $6,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBP. Pathstone Holdings LLC lifted its stake in shares of Installed Building Products by 91.6% in the third quarter. Pathstone Holdings LLC now owns 7,102 shares of the construction company’s stock valued at $1,749,000 after buying an additional 3,396 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Installed Building Products by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company’s stock valued at $68,065,000 after acquiring an additional 21,942 shares in the last quarter. Citigroup Inc. boosted its stake in Installed Building Products by 54.0% during the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock valued at $11,633,000 after purchasing an additional 16,569 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in Installed Building Products during the 3rd quarter worth approximately $111,000. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Up 4.3 %

Installed Building Products stock opened at $179.60 on Tuesday. The firm has a 50 day moving average price of $182.29 and a 200-day moving average price of $203.63. 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, Inc. has a twelve month low of $159.77 and a twelve month high of $281.04. The company has a market capitalization of $4.99 billion, a P/E ratio of 19.96 and a beta of 2.05.

Installed Building Products Increases Dividend

The company 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 $0.37 dividend. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. DA Davidson dropped their target price on Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 28th. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Benchmark dropped their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.40.

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.