Fuller & Thaler Asset Management Inc. Reduces Holdings in Installed Building Products, Inc. (NYSE:IBP)

Fuller & Thaler Asset Management Inc. cut its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 674,141 shares of the construction company's stock after selling 18,855 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 2.40% of Installed Building Products worth $118,143,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Curio Wealth LLC acquired a new position in Installed Building Products in the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC boosted its holdings in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares during the last quarter. Headlands Technologies LLC raised its position in Installed Building Products by 819.0% during the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after acquiring an additional 647 shares in the last quarter. Principal Securities Inc. boosted its position 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 worth $196,000 after purchasing an additional 186 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in shares of Installed Building Products during the 4th quarter valued at approximately $205,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on IBP shares. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Benchmark lowered their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their price objective on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $216.09.

Installed Building Products Price Performance

NYSE IBP traded down $2.72 during trading hours on Monday, hitting $165.81. 54,570 shares of the company's stock traded hands, compared to its average volume of 333,549. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm's 50-day moving average is $169.32 and its 200-day moving average is $191.82. Installed Building Products, Inc. has a 52-week low of $151.27 and a 52-week high of $281.04. The company has a market capitalization of $4.58 billion, a PE ratio of 18.37 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. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. 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 0.89%. Installed Building Products's dividend payout ratio (DPR) is presently 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.