Barclays PLC Purchases 37,347 Shares of Installed Building Products, Inc. (NYSE:IBP)

Barclays PLC lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 61.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,711 shares of the construction company’s stock after purchasing an additional 37,347 shares during the period. Barclays PLC owned 0.35% of Installed Building Products worth $24,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IBP. V Square Quantitative Management LLC bought a new stake in shares of Installed Building Products during the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. raised its stake in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. CWM LLC lifted its position in 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 purchasing an additional 62 shares during the period. Advisors Asset Management Inc. grew its stake in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after buying an additional 140 shares in the last quarter. Finally, Quarry LP increased its holdings in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after buying an additional 286 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

Installed Building Products stock opened at $198.50 on Friday. The business has a 50 day moving average of $223.81 and a 200-day moving average of $222.85. 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 1 year low of $168.08 and a 1 year high of $281.04. The company has a market capitalization of $5.59 billion, a P/E ratio of 22.06 and a beta of 1.93.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is currently 15.56%.

Wall Street Analyst Weigh In

IBP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group lifted their price target on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI upped their price objective on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. DA Davidson decreased their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and an average price target of $253.70.

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.