1 week Ago By Defense World Staff
JPMorgan Chase & Co. raised its holdings in Installed Building Products, Inc. (NYSE:IBP – Free Report) by 112.
6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,772 shares of the construction company’s stock after buying an additional 81,455 shares during the period. JPMorgan Chase & Co.
owned about 0.55% of Installed Building Products worth $26,949,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds have also recently made changes to their positions in the business.
Walleye Capital LLC lifted its position in Installed Building Products by 161.7% in the 3rd quarter. Walleye Capital LLC now owns 1,708 shares of the construction company’s stock valued at $421,000 after acquiring an additional 4,478 shares in the last quarter.
HighTower Advisors LLC bought a new position in shares of Installed Building Products in the third quarter valued at approximately $260,000. Integrated Wealth Concepts LLC boosted its position in shares of Installed Building Products by 81.6% during the third quarter.
Integrated Wealth Concepts LLC now owns 3,395 shares of the construction company’s stock valued at $836,000 after buying an additional 1,525 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Installed Building Products by 13.0% during the third quarter.
Stifel Financial Corp now owns 11,006 shares of the construction company’s stock valued at $2,710,000 after buying an additional 1,269 shares during the last quarter. Finally, State Street Corp grew its holdings in 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. 99.61% of the stock is currently owned by institutional investors and hedge funds.
Installed Building Products Stock PerformanceNYSE:IBP opened at $157.78 on Wednesday. The company has a market capitalization of $4.
38 billion, a P/E ratio of 17.53 and a beta of 1.84.
The business has a fifty day simple moving average of $175.17 and a two-hundred day simple moving average of $199.36.
The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.
50. Installed Building Products, Inc. has a 1 year low of $154.
01 and a 1 year high of $281.04. Installed Building Products Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st.
Investors of record on Friday, March 14th were paid a $0.37 dividend. 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 yield of 0.
94%. The ex-dividend date was Friday, March 14th. Installed Building Products’s payout ratio is currently 16.
26%. Analysts Set New Price TargetsIBP has been the topic of a number of analyst reports. Loop Capital cut their price objective on shares of Installed Building Products from $230.
00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st.
They set a “hold” rating and a $183.00 price target on the stock. Benchmark decreased their price objective on shares of 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. StockNews.
com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock.
According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $216.09.Read Our Latest Analysis on Installed Building ProductsInstalled 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 ReadingFive stocks we like better than Installed Building ProductsThere Are Different Types of Stock To Invest InTariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialBank Stocks – Best Bank Stocks to Invest InQualcomm Breaks Down But RSI Signals It’s Severely OversoldStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeTesla’s #1 Bull Cuts Target But Says It’s Still a BuyWant to see what other hedge funds are holding IBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Installed Building Products, Inc.
(NYSE:IBP – Free Report)..
