Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd raised its position in Installed Building Products, Inc. (NYSE:IBP) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,842 shares of the construction company’s stock after acquiring an additional 6,734 shares during the quarter. Premier Fund Managers Ltd owned 0.31% of Installed Building Products worth $15,161,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in Installed Building Products in the fourth quarter valued at approximately $30,000. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares in the last quarter. Quarry LP boosted its stake in shares of Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after buying an additional 272 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products during the 3rd quarter worth approximately $111,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 2.2 %

NYSE IBP opened at $172.52 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $181.21 and a 200-day moving average price of $203.04. Installed Building Products, Inc. has a 52 week low of $159.77 and a 52 week high of $281.04. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 19.17 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 a positive change from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Analyst Ratings Changes

IBP has been the topic of a number of recent research reports. Loop Capital lowered their target price on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. The Goldman Sachs Group cut their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Benchmark dropped their price objective on 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. Finally, Truist Financial dropped their price target on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $219.40.

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.