Level Four Advisory Services LLC Sells 2,445 Shares of Installed Building Products, Inc. (NYSE:IBP)

Level Four Advisory Services LLC trimmed its holdings in Installed Building Products, Inc. (NYSE:IBP) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,198 shares of the construction company’s stock after selling 2,445 shares during the quarter. Level Four Advisory Services LLC’s holdings in Installed Building Products were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Orion Portfolio Solutions LLC raised its stake in Installed Building Products by 3.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,992 shares of the construction company’s stock valued at $700,000 after purchasing an additional 146 shares during the last quarter. Premier Fund Managers Ltd increased its holdings in shares of Installed Building Products by 8.4% during the 4th quarter. Premier Fund Managers Ltd now owns 86,842 shares of the construction company’s stock worth $15,161,000 after purchasing an additional 6,734 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Installed Building Products by 8.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,397 shares of the construction company’s stock valued at $595,000 after buying an additional 257 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Installed Building Products in the fourth quarter valued at about $251,000. Finally, Norges Bank acquired a new stake in Installed Building Products during the fourth quarter worth about $28,509,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $170.96 on Monday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 19.00 and a beta of 2.05. The firm’s 50-day moving average price is $180.70 and its two-hundred day moving average price is $202.76. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 1-year low of $159.77 and a 1-year high of $281.04.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.87%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Wall Street Analyst Weigh In

IBP has been the subject of several recent research reports. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group cut their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the company from $238.00 to $206.00 in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.