Installed Building Products, Inc. (NYSE:IBP) Stock Holdings Increased by Swedbank AB

Swedbank AB boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 26.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 330,000 shares of the construction company’s stock after buying an additional 69,000 shares during the period. Swedbank AB’s holdings in Installed Building Products were worth $57,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in 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 valued at $307,472,000 after acquiring an additional 96,780 shares during the period. FMR LLC boosted its stake in Installed Building Products by 61.5% in the third 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 stake in Installed Building Products by 3.9% in the third 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 period. Vaughan Nelson Investment Management L.P. boosted its stake in 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 valued at $81,063,000 after acquiring an additional 20,155 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $68,065,000 after buying an additional 21,942 shares during the period. 99.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBP. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Finally, Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Installed Building Products presently has a consensus rating of “Hold” and a consensus price target of $240.40.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $197.54 on Thursday. Installed Building Products, Inc. has a one year low of $169.02 and a one year high of $281.04. The stock has a fifty day moving average of $196.57 and a 200-day moving average of $217.57. The company has a market capitalization of $5.56 billion, a PE ratio of 21.95 and a beta of 1.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were issued a $0.35 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.71%. Installed Building Products’s payout ratio 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.