Quantbot Technologies LP Acquires 5,081 Shares of Installed Building Products, Inc. (NYSE:IBP)

Quantbot Technologies LP lifted its holdings in Installed Building Products, Inc. (NYSE:IBP) by 178.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,924 shares of the construction company’s stock after acquiring an additional 5,081 shares during the period. Quantbot Technologies LP’s holdings in Installed Building Products were worth $1,389,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in Installed Building Products by 61.5% in the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after purchasing an additional 367,628 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Installed Building Products in the third quarter worth $54,499,000. Wellington Management Group LLP bought a new position in shares of Installed Building Products during the third quarter worth $34,635,000. Raymond James Financial Inc. purchased a new position in Installed Building Products during the fourth quarter valued at $23,776,000. Finally, State Street Corp increased its holdings in Installed Building Products by 8.4% in the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after acquiring an additional 96,780 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Truist Financial cut their price target on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group decreased their price objective on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital reduced their price target on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $219.40.

Installed Building Products Stock Up 4.3 %

Shares of IBP opened at $179.60 on Tuesday. The firm has a fifty day moving average price of $182.29 and a 200-day moving average price of $203.63. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.99 billion, a P/E ratio of 19.96 and a beta of 2.05. Installed Building Products, Inc. has a 12-month low of $159.77 and a 12-month high of $281.04.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.82%. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

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.