Teachers Retirement System of The State of Kentucky Has $3.96 Million Stake in Installed Building Products, Inc. (NYSE:IBP)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 121.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,094 shares of the construction company’s stock after acquiring an additional 8,815 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Installed Building Products were worth $3,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position 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 acquiring an additional 3,125 shares during the last quarter. Summit Global Investments acquired a new position in Installed Building Products during the 2nd quarter worth $1,146,000. Summit Partners Public Asset Management LLC acquired a new position in Installed Building Products during the 3rd quarter worth $54,499,000. Creative Planning lifted its position in Installed Building Products by 39.6% during the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company’s stock worth $1,899,000 after acquiring an additional 2,187 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Installed Building Products by 54.0% during the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock worth $11,633,000 after acquiring an additional 16,569 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE IBP opened at $198.35 on Friday. The stock has a market cap of $5.58 billion, a P/E ratio of 22.04 and a beta of 1.93. The company’s 50-day simple moving average is $223.81 and its 200 day simple moving average is $222.75. Installed Building Products, Inc. has a twelve month low of $168.08 and a twelve month high of $281.04. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Installed Building Products Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.71%. Installed Building Products’s payout ratio is currently 15.56%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IBP shares. DA Davidson cut their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Evercore ISI upped their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $253.70.

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.