Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,491 shares of the construction company’s stock after selling 121 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Installed Building Products were worth $612,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares in the last quarter. Quarry LP boosted its stake in shares of Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after acquiring an additional 272 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Installed Building Products during the 3rd quarter worth approximately $111,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Installed Building Products during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analysts Set New Price Targets

IBP has been the topic of several research analyst reports. Loop Capital decreased their price target on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group reduced their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Benchmark reduced their target price on 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products has an average rating of “Hold” and an average price target of $219.40.

Installed Building Products Trading Down 4.1 %

Shares of Installed Building Products stock opened at $171.68 on Wednesday. Installed Building Products, Inc. has a fifty-two week low of $159.76 and a fifty-two week high of $281.04. The firm has a market cap of $4.77 billion, a PE ratio of 19.08 and a beta of 2.05. The business’s fifty day moving average is $182.61 and its two-hundred day moving average is $206.48. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend 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%.

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.