Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in Installed Building Products, Inc. (NYSE:IBP) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,799 shares of the construction company’s stock after selling 943 shares during the period. Fisher Asset Management LLC’s holdings in Installed Building Products were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. bought a new position in shares of Installed Building Products in the fourth quarter valued at $258,000. Fortress Financial Group LLC bought a new position in shares of Installed Building Products in the fourth quarter valued at $413,000. Illinois Municipal Retirement Fund increased its holdings in shares of Installed Building Products by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 13,631 shares of the construction company’s stock valued at $2,389,000 after buying an additional 486 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Installed Building Products by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 205,283 shares of the construction company’s stock valued at $35,976,000 after buying an additional 4,641 shares in the last quarter. Finally, Fisher Funds Management LTD bought a new position in shares of Installed Building Products in the fourth quarter valued at $12,309,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Trading Up 1.0 %

Installed Building Products stock opened at $174.13 on Friday. The company’s fifty day simple moving average is $182.53 and its 200-day simple moving average is $207.51. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12 month low of $159.76 and a 12 month high of $281.04. The stock has a market cap of $4.90 billion, a P/E ratio of 19.35 and a beta of 1.99.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, March 14th. Installed Building Products’s payout ratio is currently 16.26%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from $203.00 to $197.00 in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. DA Davidson cut their target price on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Seaport Res Ptn downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.40.

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.