Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 819.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 726 shares of the construction company’s stock after acquiring an additional 647 shares during the quarter. Headlands Technologies LLC’s holdings in Installed Building Products were worth $127,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in Installed Building Products during the 4th quarter worth about $30,000. Quarry LP raised its position in shares of 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. Smartleaf Asset Management LLC lifted its stake in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after purchasing an additional 272 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in Installed Building Products in the third quarter valued at approximately $203,000. Finally, Public Employees Retirement System of Ohio increased its stake in Installed Building Products by 366.7% in the third quarter. Public Employees Retirement System of Ohio now owns 854 shares of the construction company’s stock valued at $210,000 after purchasing an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

IBP has been the topic of several research reports. Loop Capital dropped their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their target price for the company from $238.00 to $206.00 in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They set a “hold” rating and a $183.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $216.09.

Installed Building Products Trading Up 5.7 %

NYSE IBP opened at $173.19 on Friday. The company has a market cap of $4.81 billion, a P/E ratio of 19.24 and a beta of 1.84. Installed Building Products, Inc. has a 12 month low of $157.93 and a 12 month high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The company has a 50-day moving average of $177.57 and a 200-day moving average of $201.05.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

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.