Ashton Thomas Private Wealth LLC Buys 140 Shares of Installed Building Products, Inc. (NYSE:IBP)

Ashton Thomas Private Wealth LLC boosted its stake in Installed Building Products, Inc. (NYSE:IBP) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,425 shares of the construction company’s stock after acquiring an additional 140 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Installed Building Products were worth $843,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Installed Building Products by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock worth $683,421,000 after purchasing an additional 18,890 shares during the period. Swedbank AB raised its stake in shares of Installed Building Products by 11.6% in the second quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock valued at $85,357,000 after buying an additional 43,000 shares during the period. Blue Trust Inc. lifted its position in shares of Installed Building Products by 456.2% during the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company’s stock valued at $784,000 after buying an additional 3,125 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Installed Building Products by 1,328.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock worth $51,107,000 after acquiring an additional 183,696 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Installed Building Products in the 1st quarter worth about $17,806,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

NYSE:IBP opened at $207.73 on Thursday. Installed Building Products, Inc. has a 52-week low of $132.33 and a 52-week high of $281.04. The stock has a fifty day moving average of $230.81 and a 200 day moving average of $224.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 23.08 and a beta of 1.95.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.67%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Analyst Ratings Changes

A number of brokerages have weighed in on IBP. Jefferies Financial Group increased their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research 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 Thursday, November 7th. Truist Financial boosted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Stephens reaffirmed an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. Finally, DA Davidson dropped their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $252.30.

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.