Atria Investments Inc Increases Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Atria Investments Inc raised its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 6.5% in the 3rd quarter, Holdings Channel reports. The fund owned 2,540 shares of the construction company’s stock after acquiring an additional 156 shares during the quarter. Atria Investments Inc’s holdings in Installed Building Products were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Installed Building Products during the first quarter worth about $29,000. Russell Investments Group Ltd. increased its holdings in Installed Building Products by 13,898.5% during the 1st quarter. Russell Investments Group Ltd. now owns 19,178 shares of the construction company’s stock valued at $4,962,000 after acquiring an additional 19,041 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Installed Building Products by 25.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,456 shares of the construction company’s stock worth $2,188,000 after purchasing an additional 1,690 shares in the last quarter. Vanguard Group Inc. increased its position in Installed Building Products by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock worth $683,421,000 after buying an additional 18,890 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Installed Building Products by 32.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,979 shares of the construction company’s stock valued at $1,030,000 after acquiring an additional 972 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBP has been the subject of a number of research reports. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Evercore ISI lifted their price objective on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. DA Davidson cut their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Truist Financial raised their price target on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average price target of $252.30.

Installed Building Products Stock Performance

NYSE IBP opened at $206.95 on Wednesday. Installed Building Products, Inc. has a 52-week low of $141.14 and a 52-week high of $281.04. The stock has a market cap of $5.82 billion, a PE ratio of 22.99 and a beta of 1.95. The firm has a 50-day moving average of $230.78 and a 200-day moving average of $223.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.68%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

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.