Public Sector Pension Investment Board Trims Position in Installed Building Products, Inc. (NYSE:IBP)

Public Sector Pension Investment Board decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 49,424 shares of the construction company’s stock after selling 2,200 shares during the period. Public Sector Pension Investment Board’s holdings in Installed Building Products were worth $12,172,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Installed Building Products during the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. boosted its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. CWM LLC boosted its stake in Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after purchasing an additional 62 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Installed Building Products in the 3rd quarter worth approximately $111,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 0.1 %

NYSE IBP opened at $225.53 on Friday. The firm’s 50-day moving average is $230.03 and its two-hundred day moving average is $222.90. Installed Building Products, Inc. has a 12 month low of $145.75 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 stock has a market capitalization of $6.35 billion, a P/E ratio of 25.06 and a beta of 1.95.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.62%. Installed Building Products’s payout ratio is currently 15.56%.

Wall Street Analyst Weigh In

IBP has been the subject of several recent research reports. Truist Financial lifted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. DA Davidson cut their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Stephens reaffirmed an “equal weight” rating and set a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Finally, StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $253.70.

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.