GSA Capital Partners LLP Cuts Stake in Installed Building Products, Inc. (NYSE:IBP)

GSA Capital Partners LLP lessened its holdings in Installed Building Products, Inc. (NYSE:IBP) by 34.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,767 shares of the construction company’s stock after selling 1,463 shares during the period. GSA Capital Partners LLP’s holdings in Installed Building Products were worth $681,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Installed Building Products in the first quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in Installed Building Products in the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. boosted its stake in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the period. CWM LLC grew its position in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after buying an additional 62 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Down 3.8 %

IBP opened at $200.02 on Monday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 22.22 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 one year low of $138.37 and a one year high of $281.04. The business’s 50-day simple moving average is $230.77 and its 200-day simple moving average is $224.15.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio is currently 15.56%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBP. Truist Financial lifted their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Stephens reaffirmed an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a research report on Monday, August 5th. Evercore ISI increased their target price on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, DA Davidson lowered their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $252.30.

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.