Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,233 shares of the construction company’s stock after buying an additional 300 shares during the quarter. Swiss National Bank’s holdings in Installed Building Products were worth $8,278,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock valued at $1,221,000 after purchasing an additional 56 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock valued at $1,363,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its stake in Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after purchasing an additional 92 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in Installed Building Products by 2.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company’s stock valued at $617,000 after purchasing an additional 93 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Installed Building Products by 8.9% in the 4th quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock valued at $274,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Down 1.4 %

IBP opened at $172.37 on Friday. The firm has a 50 day moving average price of $182.19 and a 200 day moving average price of $203.88. The company has a market cap of $4.78 billion, a PE ratio of 19.15 and a beta of 2.05. Installed Building Products, Inc. has a 1 year low of $159.77 and a 1 year high of $281.04. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio is 16.26%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark cut their target price on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Truist Financial dropped their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $219.40.

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.