Aquatic Capital Management LLC Takes Position in Installed Building Products, Inc. (NYSE:IBP)

Aquatic Capital Management LLC purchased a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,252 shares of the construction company's stock, valued at approximately $1,621,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Installed Building Products by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock valued at $462,100,000 after purchasing an additional 16,597 shares in the last quarter. FIL Ltd boosted its holdings in shares of Installed Building Products by 14.0% in the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock valued at $182,091,000 after buying an additional 127,215 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Installed Building Products by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock worth $111,053,000 after buying an additional 10,553 shares during the last quarter. Giverny Capital Inc. raised its stake in shares of 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 acquiring an additional 17,620 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after acquiring an additional 199,657 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Price Performance

IBP stock traded up $0.17 during mid-day trading on Monday, reaching $171.09. The company's stock had a trading volume of 57,776 shares, compared to its average volume of 382,158. The stock has a market cap of $4.72 billion, a PE ratio of 19.01 and a beta of 1.84. The company's 50 day moving average is $169.23 and its two-hundred day moving average is $188.97. Installed Building Products, Inc. has a fifty-two week low of $151.27 and a fifty-two week high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.87%. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's payout ratio is 16.26%.

Analysts Set New Price Targets

Several analysts have recently commented on IBP shares. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Benchmark decreased their price target on 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 target on Installed Building Products from $230.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. DA Davidson cut their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $216.09.

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.