Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC grew its position in Installed Building Products, Inc. (NYSE:IBP) by 91.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,102 shares of the construction company’s stock after buying an additional 3,396 shares during the quarter. Pathstone Holdings LLC’s holdings in Installed Building Products were worth $1,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB boosted its holdings in shares of Installed Building Products by 11.6% in the second quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock worth $85,357,000 after buying an additional 43,000 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Installed Building Products by 6.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock worth $81,063,000 after buying an additional 20,155 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Installed Building Products by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 226,428 shares of the construction company’s stock worth $46,572,000 after buying an additional 4,943 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock worth $51,107,000 after buying an additional 183,696 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Installed Building Products by 395.3% in the second quarter. Millennium Management LLC now owns 143,166 shares of the construction company’s stock worth $29,446,000 after buying an additional 114,259 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. DA Davidson decreased their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI raised their price target 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 set a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $253.70.

Installed Building Products Trading Up 0.2 %

NYSE:IBP opened at $225.88 on Thursday. Installed Building Products, Inc. has a 12 month low of $145.75 and a 12 month high of $281.04. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 25.05 and a beta of 1.95. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $230.65 and its 200-day moving average is $222.86.

Installed Building Products Dividend Announcement

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