Capital Research Global Investors Has $42.76 Million Stake in Installed Building Products, Inc. (NYSE:IBP)

Capital Research Global Investors increased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,008 shares of the construction company's stock after purchasing an additional 25,749 shares during the period. Capital Research Global Investors owned about 0.87% of Installed Building Products worth $42,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Curi RMB Capital LLC grew its position in Installed Building Products by 123.9% in the fourth quarter. Curi RMB Capital LLC now owns 21,627 shares of the construction company's stock valued at $3,790,000 after acquiring an additional 11,969 shares during the period. First Trust Advisors LP grew its position in Installed Building Products by 69.8% in 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 period. Jump Financial LLC grew its position in Installed Building Products by 58.5% in the fourth quarter. Jump Financial LLC now owns 14,128 shares of the construction company's stock valued at $2,476,000 after acquiring an additional 5,212 shares during the period. Adams Wealth Management grew its position in Installed Building Products by 29.2% in the fourth quarter. Adams Wealth Management now owns 15,364 shares of the construction company's stock valued at $2,692,000 after acquiring an additional 3,476 shares during the period. Finally, XTX Topco Ltd bought a new stake in Installed Building Products in the fourth quarter valued at $429,000. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Down 1.0 %

Shares of NYSE:IBP traded down $1.78 during trading on Friday, hitting $168.49. 260,483 shares of the company's stock were exchanged, compared to its average volume of 334,651. Installed Building Products, Inc. has a 1-year low of $151.27 and a 1-year high of $281.04. The firm has a 50-day moving average price of $169.32 and a two-hundred day moving average price of $191.82. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.65 billion, a P/E ratio of 18.72 and a beta of 1.84.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. This is a boost 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 annualized dividend and a dividend yield of 0.88%. Installed Building Products's payout ratio is currently 16.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IBP. The Goldman Sachs Group lowered their price target on 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. StockNews.com cut Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. DA Davidson reduced their price objective on 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. Truist Financial reduced their price objective on 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. Finally, Benchmark reduced their price objective on Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Two research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.