2 weeks Ago By Defense World Staff
Sei Investments Co. reduced its holdings in shares of Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 29.
9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,063 shares of the construction company’s stock after selling 6,861 shares during the period. Sei Investments Co.
owned about 0.06% of Installed Building Products worth $2,816,000 at the end of the most recent reporting period. A number of other hedge funds have also recently made changes to their positions in the business.
Wellington Management Group LLP bought a new stake in shares of Installed Building Products during the 3rd quarter valued at about $34,635,000. Raymond James Financial Inc. bought a new stake in Installed Building Products during the 4th quarter valued at approximately $23,776,000.
State Street Corp boosted its position in Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after acquiring an additional 96,780 shares in the last quarter.
Vaughan Nelson Investment Management L.P. grew its holdings in shares of Installed Building Products by 25.
3% during the 4th quarter. Vaughan Nelson Investment Management L.P.
now owns 412,371 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 83,205 shares during the period. Finally, Fisher Funds Management LTD bought a new position in shares of Installed Building Products in the 4th quarter worth approximately $12,309,000. 99.
61% of the stock is currently owned by institutional investors. Analyst Ratings Changes A number of research firms recently weighed in on IBP. The Goldman Sachs Group reduced their price objective on 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. Loop Capital lowered their price target on Installed Building Products from $230.
00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Benchmark cut their price objective on shares of Installed Building Products from $250.
00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday.
They issued a “hold” rating and a $183.00 target price for the company. Finally, DA Davidson cut 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 report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock.
Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $216.09. Installed Building Products Trading Up 5.
7 % IBP opened at $173.19 on Friday. The business’s 50-day simple moving average is $177.
57 and its 200-day simple moving average is $201.31. The company has a market cap of $4.
81 billion, a P/E ratio of 19.24 and a beta of 2.05.
Installed Building Products, Inc. has a one year low of $157.93 and a one year high of $281.
04. 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 Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Friday, March 14th were paid a $0.37 dividend. This represents a $1.
48 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, March 14th.
This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio 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.
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