Townsquare Capital LLC Acquires 405 Shares of Installed Building Products, Inc. (NYSE:IBP)

Townsquare Capital LLC increased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,406 shares of the construction company’s stock after purchasing an additional 405 shares during the quarter. Townsquare Capital LLC’s holdings in Installed Building Products were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in Installed Building Products by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company’s stock valued at $923,000 after buying an additional 405 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Installed Building Products by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company’s stock worth $22,234,000 after purchasing an additional 4,467 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after purchasing an additional 272 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Installed Building Products by 112.6% during the fourth quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company’s stock valued at $26,949,000 after buying an additional 81,455 shares during the last quarter. Finally, Moody Aldrich Partners LLC raised its position in Installed Building Products by 28.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 20,729 shares of the construction company’s stock valued at $3,633,000 after buying an additional 4,568 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Trading Up 5.4 %

Shares of IBP stock opened at $162.57 on Wednesday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 18.06 and a beta of 1.84. The company’s fifty day simple moving average is $169.84 and its two-hundred day simple moving average is $193.61. Installed Building Products, Inc. has a 1 year low of $151.27 and a 1 year high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.37 per share. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.91%. Installed Building Products’s dividend payout ratio is 16.26%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IBP shares. The Goldman Sachs Group cut their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. DA Davidson reduced their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 28th. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Loop Capital decreased their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Benchmark decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $216.09.

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.