Headlands Technologies LLC Raises Stake in Installed Building Products, Inc. (NYSE:IBP)

Headlands Technologies LLC increased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 819.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 726 shares of the construction company’s stock after purchasing an additional 647 shares during the quarter. Headlands Technologies LLC’s holdings in Installed Building Products were worth $127,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Installed Building Products in the fourth quarter worth $28,509,000. Wellington Management Group LLP acquired a new stake in Installed Building Products in the 3rd quarter valued at $34,635,000. Raymond James Financial Inc. purchased a new position in Installed Building Products in the fourth quarter valued at about $23,776,000. State Street Corp lifted its stake in shares of Installed Building Products by 8.4% during the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after purchasing an additional 96,780 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Installed Building Products by 25.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after buying an additional 83,205 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 5.7 %

Shares of NYSE IBP opened at $173.19 on Friday. 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 stock’s 50 day moving average price is $177.57 and its two-hundred day moving average price is $201.05. Installed Building Products, Inc. has a 52-week low of $157.93 and a 52-week high of $281.04. The stock has a market capitalization of $4.81 billion, a P/E ratio of 19.24 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.85%. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBP shares. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a report on Tuesday, April 1st. They set a “hold” rating and a $183.00 target price on the stock. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial decreased their target price on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd. DA Davidson dropped 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus price target of $216.09.

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.