Vaughan Nelson Investment Management L.P. Acquires 20,155 Shares of Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. lifted its stake in Installed Building Products, Inc. (NYSE:IBP) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,166 shares of the construction company’s stock after purchasing an additional 20,155 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Installed Building Products were worth $81,063,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IBP. Diversified Trust Co increased its position in Installed Building Products by 2.3% during the 2nd 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 holdings in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after buying an additional 62 shares during the period. Arkadios Wealth Advisors raised its stake in Installed Building Products by 2.5% in the second 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% during the second quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after buying an additional 76 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IBP shares. 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 report on Friday, August 2nd. DA Davidson decreased their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Truist Financial raised their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Installed Building Products presently has an average rating of “Hold” and a consensus price target of $252.30.

Installed Building Products Stock Performance

Shares of IBP opened at $200.02 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The stock has a 50-day moving average of $230.77 and a two-hundred day moving average of $224.15. The stock has a market cap of $5.63 billion, a P/E ratio of 22.22 and a beta of 1.95. Installed Building Products, Inc. has a one year low of $138.37 and a one year high of $281.04.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.70%. Installed Building Products’s dividend payout ratio is currently 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.