Mutual of America Capital Management LLC Sells 354 Shares of Installed Building Products, Inc. (NYSE:IBP)

Mutual of America Capital Management LLC reduced its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 9.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,505 shares of the construction company’s stock after selling 354 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Installed Building Products were worth $863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBP. Price T Rowe Associates Inc. MD increased its stake in shares of Installed Building Products by 1,328.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock valued at $51,107,000 after acquiring an additional 183,696 shares in the last quarter. Janus Henderson Group PLC increased its stake in Installed Building Products by 3.1% in the first quarter. Janus Henderson Group PLC now owns 20,228 shares of the construction company’s stock valued at $5,232,000 after purchasing an additional 606 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Installed Building Products by 43.2% during the first quarter. Virtu Financial LLC now owns 6,772 shares of the construction company’s stock valued at $1,752,000 after purchasing an additional 2,043 shares during the period. Swedbank AB acquired a new stake in shares of Installed Building Products in the 1st quarter valued at about $96,248,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Installed Building Products in the 1st quarter valued at about $372,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBP has been the topic of several research reports. Evercore ISI upped their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Stephens restated an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $203.00 to $197.00 in a research note on Friday, November 8th. The Goldman Sachs Group increased their price objective on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, DA Davidson cut their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Hold” and a consensus price target of $253.70.

Installed Building Products Stock Down 4.4 %

IBP opened at $225.42 on Wednesday. The firm’s 50 day simple moving average is $230.91 and its two-hundred day simple moving average is $222.92. The company has a market capitalization of $6.34 billion, a PE ratio of 25.05 and a beta of 1.95. Installed Building Products, Inc. has a 1-year low of $145.13 and a 1-year high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.62%. Installed Building Products’s payout ratio is 15.56%.

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.