L & S Advisors Inc Buys Shares of 13,010 Installed Building Products, Inc. (NYSE:IBP)

L & S Advisors Inc acquired a new stake in Installed Building Products, Inc. (NYSE:IBP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,010 shares of the construction company’s stock, valued at approximately $3,204,000.

A number of other institutional investors have also modified their holdings of IBP. Allspring Global Investments Holdings LLC acquired a new position in Installed Building Products during the 1st quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products during the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. lifted its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. CWM LLC lifted its holdings in shares of Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Trading Up 0.8 %

Installed Building Products stock opened at $208.53 on Thursday. Installed Building Products, Inc. has a 52 week low of $143.97 and a 52 week high of $281.04. The firm has a market capitalization of $5.87 billion, a PE ratio of 23.17 and a beta of 1.95. The business’s 50-day simple moving average is $230.83 and its 200-day simple moving average is $223.39. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBP. Stephens reaffirmed an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. Jefferies Financial Group raised their price target on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson dropped their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average target price of $252.30.

Installed Building Products Company 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.