Installed Building Products, Inc. (NYSE:IBP) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 58.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,128 shares of the construction company’s stock after buying an additional 5,212 shares during the period. Jump Financial LLC’s holdings in Installed Building Products were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Curio Wealth LLC acquired a new stake in Installed Building Products during the fourth quarter worth $30,000. Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after purchasing an additional 272 shares during the last quarter. Headlands Technologies LLC raised its holdings in Installed Building Products by 819.0% in the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock valued at $127,000 after buying an additional 647 shares during the period. Principal Securities Inc. lifted its position in Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock valued at $196,000 after buying an additional 186 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Installed Building Products by 366.7% during the third quarter. Public Employees Retirement System of Ohio now owns 854 shares of the construction company’s stock worth $210,000 after buying an additional 671 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

IBP has been the topic of several recent analyst reports. DA Davidson decreased their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 28th. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Loop Capital dropped their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price objective on the stock. Finally, The Goldman Sachs Group lowered their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $216.09.

Installed Building Products Stock Performance

NYSE:IBP opened at $158.33 on Friday. The firm has a market capitalization of $4.37 billion, a PE ratio of 17.59 and a beta of 1.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The business’s fifty day moving average price is $170.63 and its 200 day moving average price is $195.09. Installed Building Products, Inc. has a 12 month low of $153.40 and a 12 month high of $281.04.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.37 dividend. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.93%. Installed Building Products’s dividend payout ratio is presently 16.26%.

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.