Nuveen Asset Management LLC Trims Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Nuveen Asset Management LLC reduced its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,041 shares of the construction company's stock after selling 71,940 shares during the period. Nuveen Asset Management LLC owned 0.29% of Installed Building Products worth $14,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Installed Building Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after purchasing an additional 56 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of Installed Building Products by 0.9% during the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock valued at $1,363,000 after purchasing an additional 71 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Installed Building Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after purchasing an additional 79 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock worth $220,000 after purchasing an additional 92 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Installed Building Products by 2.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock worth $617,000 after buying an additional 93 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBP has been the topic of a number of recent research reports. DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price for the company. Loop Capital cut their price objective on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Benchmark reduced their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Stock Down 0.8%

IBP stock traded down $1.22 during mid-day trading on Friday, reaching $158.77. The company had a trading volume of 29,444 shares, compared to its average volume of 394,202. The firm has a fifty day simple moving average of $165.26 and a 200 day simple moving average of $181.09. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 17.64 and a beta of 1.85. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The firm had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. Installed Building Products's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.47 earnings per share. Analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.93%. Installed Building Products's dividend payout ratio is currently 16.88%.

Installed Building Products 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.