Charles Schwab Investment Management Inc. Increases Stake in Installed Building Products, Inc. (NYSE:IBP)

Charles Schwab Investment Management Inc. grew its position in Installed Building Products, Inc. (NYSE:IBP) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,383 shares of the construction company’s stock after acquiring an additional 21,942 shares during the period. Charles Schwab Investment Management Inc. owned about 0.98% of Installed Building Products worth $68,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. grew its holdings in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Installed Building Products by 152.2% in the 3rd 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 in the last quarter. CWM LLC lifted its stake in shares of Installed Building Products by 32.1% in the second 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 period. Finally, GAMMA Investing LLC boosted its holdings in Installed Building Products by 41.7% during the third quarter. GAMMA Investing LLC now owns 649 shares of the construction company’s stock worth $160,000 after buying an additional 191 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IBP. Royal Bank of Canada cut shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $203.00 to $197.00 in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Stephens restated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. DA Davidson lowered 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 research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $253.70.

Installed Building Products Stock Up 0.1 %

Shares of NYSE IBP opened at $225.53 on Friday. The firm has a market cap of $6.35 billion, a P/E ratio of 25.06 and a beta of 1.95. 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, Inc. has a 1 year low of $145.75 and a 1 year high of $281.04. The firm’s 50 day moving average price is $230.03 and its 200 day moving average price is $222.90.

Installed Building Products Announces Dividend

The firm 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio is currently 15.56%.

About Installed Building Products

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.