Segall Bryant & Hamill LLC Raises Position in Installed Building Products, Inc. (NYSE:IBP)

Segall Bryant & Hamill LLC lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 149.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 81,075 shares of the construction company’s stock after acquiring an additional 48,559 shares during the period. Segall Bryant & Hamill LLC’s holdings in Installed Building Products were worth $19,966,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBP. Diversified Trust Co grew its holdings in Installed Building Products by 2.3% in the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after buying an additional 46 shares during the period. CWM LLC boosted its position in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after acquiring an additional 62 shares during the last quarter. Arkadios Wealth Advisors increased its position in Installed Building Products by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock worth $523,000 after purchasing an additional 63 shares during the last quarter. Xponance Inc. raised its stake in Installed Building Products by 5.3% during the second quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after purchasing an additional 76 shares during the period. Finally, 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 purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 0.8 %

NYSE IBP opened at $208.53 on Thursday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 23.17 and a beta of 1.95. 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, Inc. has a 12 month low of $143.97 and a 12 month high of $281.04. The company’s fifty day moving average price is $230.78 and its two-hundred day moving average price is $223.50.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.67%. Installed Building Products’s payout ratio is 15.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. DA Davidson cut their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group raised their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI lifted their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $252.30.

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.