TD Private Client Wealth LLC Increases Stock Position in Installed Building Products, Inc. (NYSE:IBP)

TD Private Client Wealth LLC raised its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,034 shares of the construction company’s stock after purchasing an additional 137 shares during the period. TD Private Client Wealth LLC’s holdings in Installed Building Products were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its position in shares of Installed Building Products by 8.4% during 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 during the last quarter. FMR LLC lifted its stake in 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Installed Building Products by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock valued at $153,452,000 after acquiring an additional 23,179 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Installed Building Products by 6.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock worth $81,063,000 after acquiring an additional 20,155 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Installed Building Products by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company’s stock valued at $68,065,000 after purchasing an additional 21,942 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Down 3.4 %

IBP stock opened at $198.50 on Friday. The business’s 50-day moving average price is $223.81 and its 200-day moving average price is $222.85. The stock has a market cap of $5.59 billion, a P/E ratio of 22.06 and a beta of 1.93. 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 twelve month low of $168.08 and a twelve month high of $281.04.

Installed Building Products Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IBP shares. Evercore ISI lifted their target price on shares of 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 cut their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Installed Building Products presently 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.