Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 87,216 shares of the construction company’s stock after purchasing an additional 3,927 shares during the quarter. Kennedy Capital Management LLC owned 0.31% of Installed Building Products worth $15,285,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IBP. Vanguard Group Inc. boosted its position in shares of Installed Building Products by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after buying an additional 16,597 shares during the period. State Street Corp boosted its holdings in shares of Installed Building Products by 8.4% in the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after acquiring an additional 96,780 shares in the last quarter. FIL Ltd raised its position in Installed Building Products by 14.0% in the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after purchasing an additional 127,215 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Installed Building Products by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after acquiring an additional 10,553 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Installed Building Products by 25.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock valued at $72,268,000 after buying an additional 83,205 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Price Performance

IBP stock opened at $173.24 on Thursday. Installed Building Products, Inc. has a one year low of $153.85 and a one year high of $281.04. The company’s fifty day moving average price is $174.01 and its 200-day moving average price is $198.69. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company has a market capitalization of $4.81 billion, a PE ratio of 19.25 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend 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 is currently 16.26%.

Analyst Upgrades and Downgrades

IBP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price target on the stock. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Benchmark lowered their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. 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. Finally, Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.09.

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.