Installed Building Products, Inc. (NYSE:IBP) Position Boosted by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,352 shares of the construction company’s stock after acquiring an additional 1,533 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Installed Building Products were worth $1,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IBP. Townsquare Capital LLC bought a new stake in shares of Installed Building Products during the third quarter valued at about $247,000. Glenmede Trust Co. NA bought a new stake in shares of Installed Building Products during the 3rd quarter worth about $627,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Installed Building Products by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,772 shares of the construction company’s stock worth $2,653,000 after acquiring an additional 805 shares during the period. Walleye Capital LLC lifted its stake in shares of Installed Building Products by 161.7% in the 3rd quarter. Walleye Capital LLC now owns 1,708 shares of the construction company’s stock worth $421,000 after acquiring an additional 4,478 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Installed Building Products by 11.0% in the third quarter. Captrust Financial Advisors now owns 5,886 shares of the construction company’s stock valued at $1,450,000 after acquiring an additional 582 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Up 1.9 %

NYSE IBP opened at $175.97 on Thursday. The firm’s 50 day moving average price is $179.05 and its two-hundred day moving average price is $201.94. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 19.55 and a beta of 2.05. Installed Building Products, Inc. has a twelve month low of $159.56 and a twelve month high of $281.04. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.84%. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products’s payout ratio is presently 16.26%.

Analyst Ratings Changes

A number of brokerages have issued reports on IBP. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday. They set a “hold” rating and a $183.00 price target for the company. Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Truist Financial dropped their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research report on Monday, March 3rd. DA Davidson reduced 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 report on Friday, February 28th. Finally, StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $216.09.

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.