American Century Companies Inc. Has $6.81 Million Position in Installed Building Products, Inc. (NYSE:IBP)

American Century Companies Inc. trimmed its stake in shares of Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 5.

6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,865 shares of the construction company’s stock after selling 2,311 shares during the quarter. American Century Companies Inc.



owned approximately 0.14% of Installed Building Products worth $6,811,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock.

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Installed Building Products by 121.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock worth $3,963,000 after buying an additional 8,815 shares in the last quarter.

Geode Capital Management LLC grew its position in Installed Building Products by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after acquiring an additional 23,179 shares during the last quarter.

Principal Financial Group Inc. increased its holdings in Installed Building Products by 3.6% in the 4th quarter.

Principal Financial Group Inc. now owns 126,872 shares of the construction company’s stock worth $22,234,000 after purchasing an additional 4,467 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Installed Building Products by 295.

7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after purchasing an additional 272 shares during the last quarter. Finally, Moody Aldrich Partners LLC boosted its stake in shares of Installed Building Products by 28.

3% during the fourth quarter. Moody Aldrich Partners LLC now owns 20,729 shares of the construction company’s stock valued at $3,633,000 after purchasing an additional 4,568 shares in the last quarter. Institutional investors own 99.

61% of the company’s stock. Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on the company. Benchmark lowered their price objective on Installed Building Products from $250.

00 to $210.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. 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 note on Monday, March 3rd. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their price objective for the stock from $238.

00 to $206.00 in a research note on Monday, December 16th. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th.

Finally, The Goldman Sachs Group cut their target price 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.

Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and a consensus price target of $216.09.

Installed Building Products Stock Performance IBP stock opened at $164.10 on Friday. The firm has a market cap of $4.

56 billion, a PE ratio of 18.23 and a beta of 2.05.

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 stock has a 50-day moving average price of $178.20 and a 200-day moving average price of $201.

68. Installed Building Products, Inc. has a 1-year low of $159.

77 and a 1-year high of $281.04. Installed Building Products Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st.

Shareholders of record on Friday, March 14th were issued a $0.37 dividend. This is an increase from Installed Building Products’s previous quarterly dividend of $0.

35. This represents a $1.48 dividend on an annualized basis and a yield of 0.

90%. The ex-dividend date was Friday, March 14th. Installed Building Products’s payout ratio is presently 16.

26%. Installed Building Products Profile ( Free Report ) 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.

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