Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,736 shares of the construction company’s stock after selling 4,033 shares during the quarter. Loomis Sayles & Co. L P owned about 0.62% of Installed Building Products worth $43,032,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Installed Building Products during the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. grew its stake in Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after buying an additional 78 shares during the period. CWM LLC increased 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 in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in shares of Installed Building Products during the 3rd quarter valued at $111,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Trading Up 8.6 %

NYSE IBP opened at $235.83 on Tuesday. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 26.20 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 $145.13 and a 12 month high of $281.04. The company’s fifty day moving average price is $230.72 and its two-hundred day moving average price is $222.93.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.59%. Installed Building Products’s payout ratio is 15.56%.

Analyst Ratings Changes

Several analysts recently issued reports on IBP shares. JPMorgan Chase & Co. increased their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Stephens reissued an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. Truist Financial increased their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $253.70.

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.