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

WINTON GROUP Ltd decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,168 shares of the construction company’s stock after selling 1,892 shares during the period. WINTON GROUP Ltd’s holdings in Installed Building Products were worth $380,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IBP. Arizona State Retirement System grew its stake in shares of Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock valued at $1,221,000 after buying an additional 56 shares in the last quarter. Dana Investment Advisors Inc. grew its position in Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock worth $1,363,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. increased its stake in Installed Building Products by 7.9% during the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after acquiring an additional 92 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Installed Building Products by 2.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company’s stock valued at $617,000 after purchasing an additional 93 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in Installed Building Products by 8.9% in the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company’s stock worth $274,000 after purchasing an additional 128 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IBP shares. DA Davidson dropped their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 28th. 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. Benchmark decreased their price objective on Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Truist Financial dropped their target price on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Finally, The Goldman Sachs Group decreased their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and an average target price of $219.40.

Installed Building Products Trading Down 0.8 %

Shares of Installed Building Products stock opened at $170.96 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 stock has a market cap of $4.75 billion, a PE ratio of 19.00 and a beta of 2.05. Installed Building Products, Inc. has a 52-week low of $159.77 and a 52-week high of $281.04. The firm has a 50-day moving average of $180.70 and a 200-day moving average of $202.76.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.87%. 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.