Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 28.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,729 shares of the construction company’s stock after purchasing an additional 4,568 shares during the quarter. Moody Aldrich Partners LLC owned about 0.07% of Installed Building Products worth $3,633,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IBP. V Square Quantitative Management LLC acquired a new position in Installed Building Products in the third quarter valued at $29,000. GHP Investment Advisors Inc. boosted its holdings in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Advisors Asset Management Inc. raised its position in Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after purchasing an additional 140 shares during the period. Quarry LP raised its position in Installed Building Products by 953.3% in the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after purchasing an additional 286 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products in the third quarter valued at about $111,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 2.9 %

Installed Building Products stock opened at $198.12 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The business’s 50-day simple moving average is $196.79 and its 200-day simple moving average is $217.71. The firm has a market capitalization of $5.58 billion, a PE ratio of 22.01 and a beta of 1.98. Installed Building Products, Inc. has a 52 week low of $169.02 and a 52 week high of $281.04.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.71%. Installed Building Products’s payout ratio is presently 15.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IBP shares. JPMorgan Chase & Co. raised their price objective on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $203.00 to $197.00 in a research report on Friday, November 8th. The Goldman Sachs Group cut their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. DA Davidson dropped their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and cut their target price for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and an average price target of $240.40.

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.