Dimensional Fund Advisors LP Has $112.25 Million Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Dimensional Fund Advisors LP decreased its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 640,511 shares of the construction company's stock after selling 12,526 shares during the period. Dimensional Fund Advisors LP owned about 2.28% of Installed Building Products worth $112,250,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Curio Wealth LLC bought a new stake in Installed Building Products in the 4th quarter valued at $30,000. Smartleaf Asset Management LLC lifted its stake in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after buying an additional 272 shares during the last quarter. Headlands Technologies LLC grew its stake 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. raised its holdings 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 during the period. Finally, Blue Trust Inc. lifted its position in Installed Building Products by 7.9% during the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock worth $220,000 after acquiring an additional 92 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of recent research reports. Truist Financial lowered their target price 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. DA Davidson dropped their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 28th. Benchmark decreased their price target on shares of 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. The Goldman Sachs Group dropped 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Two equities 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 MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and an average target price of $216.09.

Installed Building Products Price Performance

Shares of IBP stock traded up $3.87 during trading hours on Friday, reaching $170.43. The company's stock had a trading volume of 100,158 shares, compared to its average volume of 333,620. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a fifty-two week low of $151.27 and a fifty-two week high of $281.04. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 18.91 and a beta of 1.84. The firm's 50 day simple moving average is $169.22 and its 200-day simple moving average is $190.42.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's dividend payout ratio is 16.26%.

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.