Public Sector Pension Investment Board Has $12.17 Million Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Public Sector Pension Investment Board cut its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,424 shares of the construction company’s stock after selling 2,200 shares during the period. Public Sector Pension Investment Board owned approximately 0.18% of Installed Building Products worth $12,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Diversified Trust Co grew its position in Installed Building Products by 2.3% in the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock worth $416,000 after purchasing an additional 46 shares in the last quarter. CWM LLC lifted its stake in shares of Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after buying an additional 62 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Installed Building Products by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock valued at $523,000 after buying an additional 63 shares in the last quarter. Xponance Inc. lifted its stake in shares of Installed Building Products by 5.3% during the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock valued at $312,000 after buying an additional 76 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on IBP shares. Jefferies Financial Group raised their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their target price on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stephens reaffirmed an “equal weight” rating and set a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Evercore ISI raised their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $253.70.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $225.53 on Friday. 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 fifty day moving average price of $230.03 and a 200 day moving average price of $222.90. Installed Building Products, Inc. has a fifty-two week low of $145.75 and a fifty-two week high of $281.04. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 25.06 and a beta of 1.95.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.62%. Installed Building Products’s dividend payout ratio (DPR) is currently 15.56%.

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.