Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 1,896.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,974 shares of the construction company's stock after purchasing an additional 2,825 shares during the quarter. Tower Research Capital LLC TRC's holdings in Installed Building Products were worth $521,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of 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 worth $462,100,000 after buying an additional 16,597 shares during the period. FIL Ltd boosted its holdings in Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock valued at $182,091,000 after acquiring an additional 127,215 shares during the period. Geode Capital Management LLC grew its position in 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 valued at $111,053,000 after acquiring an additional 10,553 shares in the last quarter. Giverny Capital Inc. increased its stake in Installed Building Products by 3.6% during the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock worth $88,455,000 after purchasing an additional 17,620 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of 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 worth $85,124,000 after purchasing an additional 199,657 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of Installed Building Products stock traded up $4.52 during trading on Friday, reaching $171.08. The company's stock had a trading volume of 275,495 shares, compared to its average volume of 334,503. The company has a 50-day moving average price of $169.23 and a two-hundred day moving average price of $189.87. Installed Building Products, Inc. has a fifty-two week low of $151.27 and a fifty-two week high of $281.04. The firm has a market cap of $4.72 billion, a PE ratio of 19.01 and a beta of 1.84. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.87%. Installed Building Products's payout ratio is currently 16.26%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IBP. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Benchmark reduced 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. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. DA Davidson lowered their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, Truist Financial cut their price target 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.