4 days Ago By Defense World Staff
Envestnet Asset Management Inc. increased its position in shares of Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 7.
8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,603 shares of the construction company’s stock after acquiring an additional 6,804 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.33% of Installed Building Products worth $16,404,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also bought and sold shares of IBP.
Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Installed Building Products by 4.1% in the fourth quarter.
Grantham Mayo Van Otterloo & Co. LLC now owns 132,598 shares of the construction company’s stock worth $23,238,000 after purchasing an additional 5,213 shares during the period. Trexquant Investment LP purchased a new position in Installed Building Products during the fourth quarter worth about $2,742,000.
Headlands Technologies LLC increased its stake in Installed Building Products by 819.0% in the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock worth $127,000 after acquiring an additional 647 shares during the last quarter.
Geode Capital Management LLC raised its holdings in shares of Installed Building Products by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after acquiring an additional 10,553 shares in the last quarter.
Finally, National Bank of Canada FI grew its holdings in shares of Installed Building Products by 1,944.3% during the fourth quarter. National Bank of Canada FI now owns 1,431 shares of the construction company’s stock worth $251,000 after purchasing an additional 1,361 shares in the last quarter.
99.61% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on IBP.
Benchmark lowered their target price on shares of 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.
Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a “hold” rating and a $183.00 price objective on the stock.
DA Davidson cut their target price on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th.
Loop Capital lowered their price target on 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, StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company.
According to data from MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus price target of $216.09. Installed Building Products Price Performance IBP opened at $164.
53 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.
99 and a quick ratio of 2.50. The stock’s 50 day simple moving average is $172.
17 and its 200 day simple moving average is $196.59. The firm has a market cap of $4.
54 billion, a price-to-earnings ratio of 18.28 and a beta of 1.84.
Installed Building Products, Inc. has a 1 year low of $153.85 and a 1 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 issued a $0.
37 dividend. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.
90%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.
Installed Building Products Company 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. Further Reading Five stocks we like better than Installed Building Products What is a Stock Market Index and How Do You Use Them? Beware of BigBear.
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