Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 137,019 shares of the construction company’s stock after purchasing an additional 152 shares during the quarter. Boston Trust Walden Corp’s holdings in Installed Building Products were worth $28,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBP. NBC Securities Inc. purchased a new stake in Installed Building Products in the 4th quarter valued at about $25,000. Russell Investments Group Ltd. grew its holdings in Installed Building Products by 280.6% in the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after buying an additional 101 shares during the period. Hexagon Capital Partners LLC grew its holdings in Installed Building Products by 253.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock valued at $27,000 after buying an additional 104 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Installed Building Products in the 1st quarter valued at about $29,000. Finally, Annapolis Financial Services LLC grew its holdings in Installed Building Products by 45.7% in the 4th quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling

In related news, Director Janet E. Jackson sold 2,122 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $211.65, for a total transaction of $449,121.30. Following the transaction, the director now directly owns 7,046 shares of the company’s stock, valued at approximately $1,491,285.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on IBP shares. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial lifted 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. Stephens reiterated an “equal weight” rating and set a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. JPMorgan Chase & Co. decreased their target price on Installed Building Products from $242.00 to $227.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Finally, Evercore ISI boosted their target price on Installed Building Products from $274.00 to $282.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $255.20.

Installed Building Products Stock Down 2.1 %

Installed Building Products stock traded down $4.46 during midday trading on Friday, hitting $206.82. 244,197 shares of the company were exchanged, compared to its average volume of 302,469. The company’s fifty day moving average price is $221.08 and its 200-day moving average price is $226.46. The company has a market cap of $5.88 billion, a PE ratio of 23.40 and a beta of 1.93. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.67. Installed Building Products, Inc. has a fifty-two week low of $106.01 and a fifty-two week high of $281.04.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.84%.

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.