Los Angeles Capital Management LLC Has $1.72 Million Holdings in Installed Building Products, Inc. (NYSE:IBP)

Los Angeles Capital Management LLC decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 28.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,790 shares of the construction company’s stock after selling 3,840 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Installed Building Products were worth $1,716,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after buying an additional 96,780 shares during the last quarter. FMR LLC increased its position in shares of Installed Building Products by 61.5% in the third quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after acquiring an additional 367,628 shares during the last quarter. Geode Capital Management LLC raised its holdings in Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after acquiring an additional 23,179 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock valued at $72,268,000 after purchasing an additional 83,205 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in Installed Building Products by 7.5% in the fourth quarter. Van Berkom & Associates Inc. now owns 373,458 shares of the construction company’s stock valued at $65,449,000 after purchasing an additional 25,971 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IBP. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson dropped their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group dropped their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their target price for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $236.90.

Installed Building Products Stock Performance

Shares of IBP stock opened at $171.46 on Friday. Installed Building Products, Inc. has a 52 week low of $162.20 and a 52 week high of $281.04. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.05 and a beta of 1.99. The company has a 50-day simple moving average of $183.34 and a 200 day simple moving average of $208.92. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s payout ratio is currently 15.56%.

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.