1,275 Shares in Installed Building Products, Inc. (NYSE:IBP) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in Installed Building Products, Inc. (NYSE:IBP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,275 shares of the construction company’s stock, valued at approximately $223,000.

Several other institutional investors have also recently bought and sold shares of IBP. State Street Corp lifted its position 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 worth $307,472,000 after purchasing an additional 96,780 shares in the last quarter. FMR LLC increased its stake in Installed Building Products by 61.5% in the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after buying an additional 367,628 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 worth $153,452,000 after buying an additional 23,179 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after buying an additional 83,205 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in shares of Installed Building Products by 7.5% in the 4th quarter. Van Berkom & Associates Inc. now owns 373,458 shares of the construction company’s stock valued at $65,449,000 after acquiring an additional 25,971 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Loop Capital cut their price objective 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. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Truist Financial cut their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd. Finally, DA Davidson lowered their price objective 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. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $219.40.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $172.37 on Monday. Installed Building Products, Inc. has a 52 week low of $159.77 and a 52 week high of $281.04. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $182.19 and a 200-day moving average price of $203.81. The company has a market cap of $4.78 billion, a PE ratio of 19.15 and a beta of 2.05.

Installed Building Products Increases Dividend

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

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.