Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Barclays PLC

Barclays PLC grew its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,627 shares of the construction company’s stock after purchasing an additional 25,916 shares during the period. Barclays PLC owned approximately 0.44% of Installed Building Products worth $21,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Installed Building Products by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after acquiring an additional 16,597 shares in the last quarter. FIL Ltd boosted its stake in shares of Installed Building Products by 14.0% in the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock valued at $182,091,000 after purchasing an additional 127,215 shares during the period. Geode Capital Management LLC grew its holdings in shares of Installed Building Products by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after purchasing an additional 10,553 shares in the last quarter. Giverny Capital Inc. increased its stake in Installed Building Products by 3.6% during the 4th quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company’s stock worth $88,455,000 after buying an additional 17,620 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after buying an additional 83,205 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IBP. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 target price for the company. The Goldman Sachs Group cut their target price on shares of 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. Benchmark decreased their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Loop Capital dropped 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 research report on Tuesday, March 4th. Finally, StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $216.09.

Installed Building Products Stock Up 1.5 %

IBP opened at $158.33 on Friday. Installed Building Products, Inc. has a one year low of $153.40 and a one year 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. The stock has a market capitalization of $4.37 billion, a P/E ratio of 17.59 and a beta of 1.84. The business’s 50-day simple moving average is $170.63 and its 200-day simple moving average is $194.74.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.93%. Installed Building Products’s payout ratio is 16.26%.

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.