Los Angeles Capital Management LLC Sells 3,840 Shares of Installed Building Products, Inc. (NYSE:IBP)

Los Angeles Capital Management LLC trimmed its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,790 shares of the construction company’s stock after selling 3,840 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Installed Building Products were worth $1,716,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC increased its stake in Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after acquiring an additional 367,628 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter worth $54,499,000. Wellington Management Group LLP bought a new position in shares of Installed Building Products in the third quarter worth $34,635,000. State Street Corp raised its stake in Installed Building Products by 8.4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after purchasing an additional 96,780 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after purchasing an additional 83,205 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBP has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their target price for the company from $238.00 to $206.00 in a report on Monday, December 16th. Finally, DA Davidson lowered their price target on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $236.90.

Installed Building Products Trading Up 0.8 %

NYSE IBP opened at $171.46 on Friday. Installed Building Products, Inc. has a twelve month low of $162.20 and a twelve month high of $281.04. The business’s fifty day moving average is $183.34 and its 200 day moving average is $208.92. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 19.05 and a beta of 1.99.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.86%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. 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.