Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Boston Partners

Boston Partners boosted its stake in Installed Building Products, Inc. (NYSE:IBP) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,342 shares of the construction company’s stock after acquiring an additional 15,610 shares during the period. Boston Partners owned 0.31% of Installed Building Products worth $15,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Installed Building Products by 8.4% during the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after purchasing an additional 96,780 shares during the period. FMR LLC boosted its holdings in shares of Installed Building Products by 61.5% in the third quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after acquiring an additional 367,628 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after acquiring an additional 23,179 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after purchasing an additional 83,205 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in Installed Building Products by 7.5% in the fourth quarter. Van Berkom & Associates Inc. now owns 373,458 shares of the construction company’s stock valued at $65,449,000 after purchasing an additional 25,971 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Up 0.8 %

Shares of NYSE IBP opened at $175.03 on Friday. The firm’s 50-day moving average is $182.19 and its two-hundred day moving average is $204.23. The company has a market capitalization of $4.86 billion, a PE ratio of 19.45 and a beta of 2.05. Installed Building Products, Inc. has a 12-month low of $159.77 and a 12-month high of $281.04. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio is presently 16.26%.

Analysts Set New Price Targets

IBP has been the subject of a number of analyst reports. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their target price for the company from $238.00 to $206.00 in a report on Monday, December 16th. Benchmark lowered 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 note on Monday, March 3rd. Truist Financial reduced their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products 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.