Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc decreased its holdings in Installed Building Products, Inc. (NYSE:IBP) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,710 shares of the construction company’s stock after selling 446 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Installed Building Products were worth $650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBP. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $29,000. GHP Investment Advisors Inc. raised its holdings in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares during the last quarter. Quarry LP grew its holdings in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of Installed Building Products in the 3rd quarter worth about $111,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of several research analyst reports. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group lifted their target price on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, DA Davidson dropped their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $240.40.

Installed Building Products Price Performance

NYSE IBP opened at $196.38 on Monday. The company has a 50-day moving average price of $197.38 and a two-hundred day moving average price of $218.14. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 21.82 and a beta of 1.98. 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 52 week low of $169.02 and a 52 week high of $281.04.

Installed Building Products Dividend Announcement

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