MML Investors Services LLC Acquires 1,230 Shares of Installed Building Products, Inc. (NYSE:IBP)

MML Investors Services LLC lifted its stake in Installed Building Products, Inc. (NYSE:IBP) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,283 shares of the construction company’s stock after acquiring an additional 1,230 shares during the period. MML Investors Services LLC’s holdings in Installed Building Products were worth $1,802,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Curio Wealth LLC bought a new position in Installed Building Products in the 4th quarter worth about $30,000. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 272 shares during the period. Headlands Technologies LLC increased its holdings in Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock worth $127,000 after acquiring an additional 647 shares during the period. Principal Securities Inc. lifted its stake in Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock worth $196,000 after purchasing an additional 186 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Trading Up 0.2 %

NYSE IBP opened at $168.18 on Wednesday. The firm has a market cap of $4.64 billion, a PE ratio of 18.69 and a beta of 1.84. Installed Building Products, Inc. has a 1-year low of $151.27 and a 1-year high of $281.04. The stock has a 50-day moving average of $169.18 and a 200-day moving average of $191.17. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.88%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s payout ratio is presently 16.26%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Loop Capital reduced their target price on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Benchmark decreased their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. DA Davidson dropped their target price on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, 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 report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Installed Building Products has an average rating of “Hold” and a consensus target price of $216.09.

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.