Xponance Inc. Raises Stake in Installed Building Products, Inc. (NYSE:IBP)

Xponance Inc. boosted its holdings in Installed Building Products, Inc. (NYSE:IBP) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,735 shares of the construction company’s stock after buying an additional 163 shares during the period. Xponance Inc.’s holdings in Installed Building Products were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBP. FMR LLC lifted its holdings in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after acquiring an additional 367,628 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Installed Building Products during the third quarter worth about $54,499,000. Wellington Management Group LLP purchased a new stake in shares of Installed Building Products in the third quarter worth about $34,635,000. Raymond James Financial Inc. purchased a new stake in shares of Installed Building Products in the fourth quarter worth about $23,776,000. Finally, State Street Corp grew its stake in shares of Installed Building Products by 8.4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after buying an additional 96,780 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Price Performance

Shares of IBP opened at $172.52 on Friday. Installed Building Products, Inc. has a 52 week low of $159.77 and a 52 week high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 19.17 and a beta of 2.05. The stock has a 50 day moving average of $181.21 and a 200-day moving average of $203.04.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.86%. Installed Building Products’s payout ratio is presently 16.26%.

Analyst Ratings Changes

A number of research firms have weighed in on IBP. Loop Capital decreased 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. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. DA Davidson decreased their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Benchmark dropped their target price 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. Finally, StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $219.40.

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.