WINTON GROUP Ltd Has $380,000 Position in Installed Building Products, Inc. (NYSE:IBP)

WINTON GROUP Ltd reduced its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,168 shares of the construction company’s stock after selling 1,892 shares during the quarter. WINTON GROUP Ltd’s holdings in Installed Building Products were worth $380,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IBP. Advisors Asset Management Inc. grew its stake in Installed Building Products by 152.2% in the 3rd 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 during the period. FMR LLC increased its stake in shares of Installed Building Products by 61.5% in the third quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after purchasing an additional 367,628 shares in the last quarter. Townsquare Capital LLC bought a new stake in Installed Building Products during the 3rd quarter valued at $247,000. Glenmede Trust Co. NA purchased a new stake in Installed Building Products during the 3rd quarter worth about $627,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Installed Building Products by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,772 shares of the construction company’s stock worth $2,653,000 after buying an additional 805 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on IBP shares. The Goldman Sachs Group lowered their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Benchmark decreased their price target on Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Loop Capital dropped their price target on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price objective for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Two 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. According to data from MarketBeat, Installed Building Products has a consensus rating of “Hold” and a consensus price target of $219.40.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $170.96 on Monday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12 month low of $159.77 and a 12 month high of $281.04. The stock has a 50 day moving average of $180.70 and a 200 day moving average of $202.76. The firm has a market cap of $4.75 billion, a PE ratio of 19.00 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s payout ratio is currently 16.26%.

Installed Building Products Company 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.