Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Adams Wealth Management

Adams Wealth Management increased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 29.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,364 shares of the construction company’s stock after buying an additional 3,476 shares during the period. Adams Wealth Management’s holdings in Installed Building Products were worth $2,692,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Installed Building Products by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock valued at $462,100,000 after purchasing an additional 16,597 shares in the last quarter. FIL Ltd raised its position in shares of Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after purchasing an additional 127,215 shares during the last quarter. Geode Capital Management LLC lifted its stake in Installed Building Products by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after buying an additional 10,553 shares in the last quarter. Giverny Capital Inc. grew its holdings in Installed Building Products by 3.6% during the 4th quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company’s stock valued at $88,455,000 after buying an additional 17,620 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after buying an additional 83,205 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBP has been the topic of several recent research reports. Benchmark reduced their price objective on Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $238.00 to $206.00 in a report on Monday, December 16th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Loop Capital cut their price target on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, DA Davidson decreased their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $216.09.

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $168.21 on Tuesday. The business has a 50-day moving average of $172.70 and a two-hundred day moving average of $196.81. The firm has a market capitalization of $4.67 billion, a PE ratio of 18.69 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. Installed Building Products, Inc. has a 12 month low of $153.85 and a 12 month high of $281.04.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio is 16.26%.

Installed Building Products 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.