Royce & Associates LP Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Royce & Associates LP boosted its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 19.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,163 shares of the construction company’s stock after purchasing an additional 26,330 shares during the period. Royce & Associates LP’s holdings in Installed Building Products were worth $28,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IBP. Advisors Asset Management Inc. lifted its position 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 valued at $57,000 after purchasing an additional 140 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after acquiring an additional 272 shares in the last quarter. Quarry LP lifted its position in shares of Installed Building Products by 953.3% in the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after acquiring an additional 286 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Installed Building Products in the third quarter valued at about $111,000. Finally, Principal Securities Inc. lifted its position in shares of Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock valued at $196,000 after acquiring an additional 186 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Up 1.8 %

Shares of NYSE IBP opened at $171.64 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.07 and a beta of 2.05. The stock has a 50 day moving average price of $182.38 and a 200 day moving average price of $205.35. Installed Building Products, Inc. has a 52-week low of $159.77 and a 52-week high of $281.04.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.37 dividend. 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 dividend on an annualized basis and a dividend yield of 0.86%. Installed Building Products’s payout ratio is presently 16.26%.

Analysts Set New Price Targets

Several brokerages have recently commented on IBP. Benchmark lowered 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. JPMorgan Chase & Co. lifted their target price on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. DA Davidson reduced their target price 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. Loop Capital reduced their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Seaport Res Ptn cut 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 issued a buy rating to the company’s stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and an average target price of $219.40.

About Installed Building Products

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.