13,010 Shares in Installed Building Products, Inc. (NYSE:IBP) Acquired by L & S Advisors Inc

L & S Advisors Inc acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 13,010 shares of the construction company’s stock, valued at approximately $3,204,000.

Several other large investors have also recently bought and sold shares of IBP. Vanguard Group Inc. lifted its stake 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 valued at $683,421,000 after purchasing an additional 18,890 shares during the period. Swedbank AB increased its holdings in Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock worth $85,357,000 after purchasing an additional 43,000 shares in the last quarter. Blue Trust Inc. increased its holdings in Installed Building Products by 456.2% during the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company’s stock worth $784,000 after purchasing an additional 3,125 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Installed Building Products by 1,328.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock valued at $51,107,000 after acquiring an additional 183,696 shares in the last quarter. Finally, Summit Global Investments bought a new position in shares of Installed Building Products in the 2nd quarter valued at about $1,146,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Up 0.8 %

Installed Building Products stock opened at $208.53 on Thursday. The stock has a market cap of $5.87 billion, a PE ratio of 23.17 and a beta of 1.95. 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, Inc. has a fifty-two week low of $143.97 and a fifty-two week high of $281.04. The firm’s 50-day simple moving average is $230.83 and its 200 day simple moving average is $223.39.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio is 15.56%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price target on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Truist Financial boosted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, Stephens reissued an “equal weight” rating and set a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.