Baillie Gifford & Co. Decreases Position in Installed Building Products, Inc. (NYSE:IBP)

Baillie Gifford & Co. reduced its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,381 shares of the construction company’s stock after selling 612 shares during the quarter. Baillie Gifford & Co. owned 0.17% of Installed Building Products worth $11,915,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diversified Trust Co raised its stake in shares of Installed Building Products by 2.3% during the second quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after purchasing an additional 46 shares during the period. CWM LLC increased its stake in Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after buying an additional 62 shares during the period. Arkadios Wealth Advisors lifted its holdings in Installed Building Products by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock worth $523,000 after buying an additional 63 shares in the last quarter. Xponance Inc. lifted its holdings in Installed Building Products by 5.3% in the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after buying an additional 76 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. DA Davidson reduced their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Stephens restated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a research note on Monday, August 5th. Truist Financial upped their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.30.

Installed Building Products Price Performance

IBP opened at $207.65 on Wednesday. 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 company’s 50-day moving average price is $230.84 and its 200 day moving average price is $224.77. Installed Building Products, Inc. has a fifty-two week low of $124.01 and a fifty-two week high of $281.04. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 23.07 and a beta of 1.95.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

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.