Emerald Mutual Fund Advisers Trust Purchases 3,228 Shares of Installed Building Products, Inc. (NYSE:IBP)

Emerald Mutual Fund Advisers Trust grew its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,415 shares of the construction company's stock after buying an additional 3,228 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.09% of Installed Building Products worth $4,454,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Curio Wealth LLC bought a new position in Installed Building Products during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC raised its position in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after buying an additional 272 shares during the last quarter. Headlands Technologies LLC raised its position in Installed Building Products by 819.0% in the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after buying an additional 647 shares during the last quarter. Principal Securities Inc. lifted its stake in Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after acquiring an additional 186 shares in the last quarter. Finally, MGO One Seven LLC acquired a new position in Installed Building Products during the 4th quarter worth approximately $205,000. Institutional investors own 99.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IBP shares. DA Davidson lowered 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. Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Finally, StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $216.09.

Installed Building Products Stock Performance

Shares of NYSE IBP traded up $4.52 during midday trading on Friday, hitting $171.08. 275,495 shares of the company's stock were exchanged, compared to its average volume of 334,503. Installed Building Products, Inc. has a 12 month low of $151.27 and a 12 month high of $281.04. The company's 50 day moving average price is $169.23 and its 200 day moving average price is $189.87. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.72 billion, a PE ratio of 19.01 and a beta of 1.84.

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 issued a $0.37 dividend. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's payout ratio is currently 16.26%.

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.