Installed Building Products, Inc. (NYSE:IBP) Stake Lifted by MML Investors Services LLC

MML Investors Services LLC raised its stake in Installed Building Products, Inc. (NYSE:IBP) by 6.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,053 shares of the construction company’s stock after buying an additional 544 shares during the quarter. MML Investors Services LLC’s holdings in Installed Building Products were worth $2,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products in the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. increased its stake in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the last quarter. CWM LLC boosted its position in shares of Installed Building Products by 32.1% during the second 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. Finally, Quarry LP grew its holdings in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after buying an additional 286 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 1.7 %

Installed Building Products stock opened at $195.20 on Tuesday. Installed Building Products, Inc. has a 1 year low of $168.08 and a 1 year high of $281.04. The firm’s 50 day moving average price is $223.81 and its two-hundred day moving average price is $222.97. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 21.69 and a beta of 1.93. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Dividend Announcement

The business also recently announced 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 0.72%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson reduced their price target on 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. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $238.00 to $206.00 in a research note on Monday. Jefferies Financial Group upped their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $247.10.

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.