Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Ascent Group LLC

Ascent Group LLC grew its stake in Installed Building Products, Inc. (NYSE:IBP) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,686 shares of the construction company’s stock after purchasing an additional 1,870 shares during the quarter. Ascent Group LLC’s holdings in Installed Building Products were worth $4,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IBP. V Square Quantitative Management LLC acquired a new stake in Installed Building Products in the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. raised its holdings in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. CWM LLC lifted its position in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Installed Building Products during the third quarter worth approximately $111,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Installed Building Products stock opened at $228.74 on Monday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 25.42 and a beta of 1.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm has a 50 day simple moving average of $229.82 and a 200-day simple moving average of $222.77. Installed Building Products, Inc. has a 1-year low of $148.59 and a 1-year high of $281.04.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.61%. Installed Building Products’s dividend payout ratio (DPR) is 15.56%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Jefferies Financial Group increased their price objective on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. DA Davidson lowered their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Stephens restated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $253.70.

Installed Building Products Company 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.