Inspire Investing LLC Has $436,000 Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Inspire Investing LLC increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 30.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,490 shares of the construction company’s stock after purchasing an additional 580 shares during the quarter. Inspire Investing LLC’s holdings in Installed Building Products were worth $436,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. increased its position in Installed Building Products by 185.7% during 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. Advisors Asset Management Inc. increased its position 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 worth $57,000 after purchasing an additional 140 shares in the last quarter. Quarry LP increased its position 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 purchasing an additional 286 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Installed Building Products during the 3rd quarter worth approximately $111,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBP has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price 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. DA Davidson reduced 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. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday. Finally, Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $240.40.

Installed Building Products Trading Down 0.1 %

NYSE:IBP opened at $205.03 on Friday. The firm’s fifty day moving average is $196.98 and its 200-day moving average is $217.95. 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, Inc. has a 52 week low of $169.02 and a 52 week high of $281.04. The firm has a market cap of $5.77 billion, a P/E ratio of 22.78 and a beta of 1.98.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.68%. 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 Company 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.