Versor Investments LP Makes New Investment in Installed Building Products, Inc. (NYSE:IBP)

Versor Investments LP acquired a new position in Installed Building Products, Inc. (NYSE:IBP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,603 shares of the construction company’s stock, valued at approximately $641,000.

A number of other institutional investors have also recently bought and sold shares of IBP. Allspring Global Investments Holdings LLC purchased a new stake in Installed Building Products during the first quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in Installed Building Products in the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. boosted its stake in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the period. CWM LLC grew its holdings in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after purchasing an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Installed Building Products in the first quarter worth $68,000. Institutional investors own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

IBP has been the subject of several recent research reports. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price target on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stephens reissued an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a research report on Monday, August 5th. DA Davidson cut their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $252.30.

Installed Building Products Trading Up 0.0 %

Shares of Installed Building Products stock opened at $207.73 on Thursday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm’s 50-day moving average price is $230.81 and its 200 day moving average price is $224.65. The firm has a market capitalization of $5.85 billion, a PE ratio of 23.08 and a beta of 1.95. Installed Building Products, Inc. has a twelve month low of $132.33 and a twelve month high of $281.04.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio is currently 15.56%.

About Installed Building Products

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.