Boston Trust Walden Corp Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Boston Trust Walden Corp boosted its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,019 shares of the construction company’s stock after purchasing an additional 152 shares during the period. Boston Trust Walden Corp owned approximately 0.48% of Installed Building Products worth $28,182,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Installed Building Products during the 1st quarter worth approximately $29,000. Russell Investments Group Ltd. lifted its stake in Installed Building Products by 280.6% during the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after acquiring an additional 101 shares during the period. NBC Securities Inc. acquired a new stake in Installed Building Products during the 4th quarter valued at approximately $25,000. Hexagon Capital Partners LLC lifted its stake in Installed Building Products by 253.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock valued at $27,000 after acquiring an additional 104 shares during the period. Finally, Annapolis Financial Services LLC lifted its stake in Installed Building Products by 45.7% during the 4th quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insiders Place Their Bets

In other Installed Building Products news, Director Janet E. Jackson sold 2,122 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the completion of the transaction, the director now directly owns 7,046 shares in the company, valued at $1,491,285.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on IBP shares. Truist Financial lifted their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Installed Building Products from $242.00 to $227.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Evercore ISI lifted their price objective on shares of Installed Building Products from $274.00 to $282.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Stephens restated an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a research note on Monday, August 5th. Finally, StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $255.20.

Installed Building Products Price Performance

NYSE:IBP traded down $4.46 during trading hours on Friday, reaching $206.82. 244,197 shares of the company were exchanged, compared to its average volume of 302,469. The company has a current ratio of 3.08, a quick ratio of 2.67 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average is $221.08 and its 200-day moving average is $226.46. The firm has a market cap of $5.88 billion, a PE ratio of 23.40 and a beta of 1.93. Installed Building Products, Inc. has a twelve month low of $106.01 and a twelve month high of $281.04.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 13th. Installed Building Products’s dividend payout ratio is presently 15.84%.

Installed Building Products 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.