4,521 Shares in Installed Building Products, Inc. (NYSE:IBP) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,521 shares of the construction company's stock, valued at approximately $792,000.

A number of other hedge funds have also bought and sold shares of the business. HighTower Advisors LLC purchased a new stake in Installed Building Products in the 3rd quarter worth about $260,000. Public Employees Retirement System of Ohio increased its stake in shares of Installed Building Products by 366.7% in the third quarter. Public Employees Retirement System of Ohio now owns 854 shares of the construction company's stock worth $210,000 after purchasing an additional 671 shares in the last quarter. Barclays PLC lifted its stake in shares of Installed Building Products by 61.9% during the 3rd quarter. Barclays PLC now owns 97,711 shares of the construction company's stock valued at $24,063,000 after buying an additional 37,347 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Installed Building Products in the 3rd quarter worth approximately $353,000. Finally, Franklin Resources Inc. grew its stake in Installed Building Products by 13.0% in the 3rd quarter. Franklin Resources Inc. now owns 193,766 shares of the construction company's stock valued at $48,368,000 after buying an additional 22,367 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Performance

Installed Building Products stock traded down $1.78 during mid-day trading on Friday, reaching $168.49. 260,483 shares of the stock traded hands, compared to its average volume of 334,118. Installed Building Products, Inc. has a 12-month low of $151.27 and a 12-month high of $281.04. The business's 50-day moving average is $169.32 and its 200-day moving average is $192.45. 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 stock has a market capitalization of $4.65 billion, a PE ratio of 18.72 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.88%. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products's dividend payout ratio is currently 16.26%.

Analyst Upgrades and Downgrades

IBP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Loop Capital dropped their price objective on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. DA Davidson reduced their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective 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. Finally, Benchmark dropped their target price on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Installed Building Products has an average rating of "Hold" and an average price target of $216.09.

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.