Quantbot Technologies LP Has $700,000 Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Quantbot Technologies LP lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 80.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,843 shares of the construction company’s stock after selling 11,783 shares during the period. Quantbot Technologies LP’s holdings in Installed Building Products were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBP. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter worth $29,000. GHP Investment Advisors Inc. raised its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares during 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. CWM LLC boosted its stake in Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBP. Evercore ISI raised their target price on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens restated an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. Finally, Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus target price of $253.70.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $223.99 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $229.43 and a two-hundred day simple moving average of $222.82. Installed Building Products, Inc. has a 1-year low of $152.06 and a 1-year high of $281.04. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 24.89 and a beta of 1.95.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio is currently 15.56%.

About Installed Building Products

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.