Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Huntington National Bank

Huntington National Bank lessened its holdings in Installed Building Products, Inc. (NYSE:IBP) by 26.4% during the 4th quarter, Holdings Channel reports. The firm owned 413 shares of the construction company’s stock after selling 148 shares during the quarter. Huntington National Bank’s holdings in Installed Building Products were worth $72,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IBP. Vanguard Group Inc. raised its stake in Installed Building Products by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock valued at $462,100,000 after purchasing an additional 16,597 shares during the last quarter. State Street Corp grew its holdings 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 buying an additional 96,780 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Installed Building Products by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after buying an additional 10,553 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock valued at $72,268,000 after buying an additional 83,205 shares during the period. Finally, Van Berkom & Associates Inc. grew its stake in Installed Building Products by 7.5% in the 4th quarter. Van Berkom & Associates Inc. now owns 373,458 shares of the construction company’s stock worth $65,449,000 after acquiring an additional 25,971 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analyst Ratings Changes

IBP has been the topic of a number of recent analyst reports. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Benchmark decreased their price target on Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group dropped 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 note on Tuesday, January 14th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Finally, Truist Financial dropped their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $216.09.

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $173.19 on Monday. The business’s 50-day simple moving average is $177.57 and its 200 day simple moving average is $200.80. The company has a market cap of $4.81 billion, a P/E ratio of 19.24 and a beta of 1.84. 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, Inc. has a one year low of $157.93 and a one year high of $281.04.

Installed Building Products Increases Dividend

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

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.