XTX Topco Ltd Acquires Shares of 2,448 Installed Building Products, Inc. (NYSE:IBP)

XTX Topco Ltd purchased a new stake in Installed Building Products, Inc. (NYSE:IBP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,448 shares of the construction company’s stock, valued at approximately $429,000.

A number of other institutional investors have also recently added to or reduced their stakes in IBP. Curio Wealth LLC acquired a new stake in shares of Installed Building Products in the 4th quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after purchasing an additional 272 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Installed Building Products by 819.0% in the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock valued at $127,000 after buying an additional 647 shares during the period. Principal Securities Inc. increased its holdings in shares of Installed Building Products by 20.0% during the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock worth $196,000 after buying an additional 186 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Installed Building Products by 7.9% during the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock valued at $220,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Down 2.3 %

Installed Building Products stock opened at $154.60 on Tuesday. The stock’s fifty day moving average is $170.16 and its two-hundred day moving average is $193.82. The stock has a market cap of $4.27 billion, a PE ratio of 17.18 and a beta of 1.84. Installed Building Products, Inc. has a 1-year low of $151.27 and a 1-year 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.

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 issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.96%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products’s dividend payout ratio is 16.26%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. The Goldman Sachs Group decreased their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Loop Capital decreased their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Truist Financial dropped their target price on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Benchmark lowered their price target on Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $216.09.

About Installed Building Products

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.